Indices closed down.
S&P 500 @ 3236.92, low 3232.57, high 3323.35
RSI @ 37.04
CMF @ -0.009
Internals were :
Down volume led by 8.83 to 1 in NYSE & 2.79 to 1 in Nasdaq
Declining stocks led by 7.84 to 1 in NYSE & 5.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 40 in NYSE & 47 in Nasdaq
VIX UP 6.40% @ 28.58
Oil @ $39.93
Gold @ $1868.40
Canadian $ @ .6624
Portfolio AAL APA CCL AG FCX MGM SU
Stocks which closed green included CSIQ JKS MU TWTR
GOOS ERI ZM SEDG NKE IQ LULU BZUN FSLR MGA
CMG....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE came in intense selling pressure and closed near low of the day, it was technical selling to test support again and again. Internals were negative all over. We are deeply oversold and is ready for an oversold bounce. This is a very good opportunity to rejuggle your portfolio as everything is being sold off.
BLOG does NOT give buy or sell.
Saleem
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