Indices closed mixed, Nasdaq, S&P 500 & Russell2000 continues its slump, racing towards 200 DMA.
S&P 500 @ 5011.12, low 5001.89, high 5056.66
RSI @ 34.77
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.47 to 1 in Nasdaq
Declining stocks led by 1.15 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new lows were leading by 61 in NYSE & 214 in Nasdaq
VIX Down 1.15% @ 18.00
Oil @ $82.73
Gold @ $2397.30
Canadian $ @ .6241
Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN
TAPE is extremely weak, no real catalyst to take it higher YET.
BLOG dies NOT give buy or sell.
Saleem
ReplyDeleteHi Stocktrader,
Added 150% META in Toronto @ $26.95
Saleem
Hi Saleem,
ReplyDeleteGreat pickup on the pullback!
I would not be surprised if we saw a late day NASDAQ rally - the short term indicators are *very* oversold.
Stocktrader
ReplyDeleteHi Stocktrader,
All the technical read are saying " buy buy buy "
Saleem
Hi Saleem,
ReplyDeleteThe market seems to weak to handle any bad news. However, it is good to clear out the bubble air so we can breath better. People has been waiting for this.
Michael
ReplyDeleteHi Michael,
YES...when we go UP...we go farther than any prediction.....
Same is true when we go DOWN, all support is either tested or broken....
All part of Wall Street magic....
Good luck with your strategy!!!
Saleem