In America:
Dow Industrials +0.2%
Dow Transports +0.61%
SP500 +0.3%
Russell 2000 +0.39%
Nasdaq100 +0.08%
Comment: The market eked out small gains after being up early.
NewHighs/NewLows 95/42. NH>NL. The ratio of NH/(NH+NL) is at 69.3%. Out of the Do Not Sell Zone. New Lows are still indicating a lot of investor nervousness, but still below 50.
Technical Comment on the SP500:
The SP500 finished at 1412.97. Support/resistance: 1365/1419
MACD Histogram. Below zero. Negative.
MACD. Below zero. Negative. Histogram rose today.
RSI.9 is at 33.8. Oversold.
Stochastic. 8.2. Oversold.
CCI.14: -131.4. Oversold.
The medium term trend is down. The short term trend is down. Long term trend (from October, 2012 is still up.
The momentum indicators suggest at least a short term bounce is possible.
Apple and Amazon reported after hours. Apple in after hours trading is relatively flat, Amazon is down about -1%. Neither of those reactions appears to be capable of moving the market decisively. But they've done nothing to shake the generally negative tone of reporting season.
Redbacka
fortuitous friday, page-5
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Last
7,963.7 |
Change
-7.400(0.09%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,971.1 | 7,973.8 | 7,944.3 |
| XJO (ASX) Chart |