In America:
Dow Industrials +0.56%
Dow Transports +0.72%
SP500 -0.05%
Russell 2000 +0.22%
Nasdaq100 -1.07%
Comment: A dog’s breakfast. All over the show. Apple down over 4%. Volume was lower than yesterday. Up day volume has been lower than down day volume for the past few days.
NewHighs/NewLows 54/51. NH>NL. The ratio of NH/(NH+NL) is at 51.4%. The Ratio remains out of the “Do Not Sell” Zone above 80. New Lows nudged up into the “panic zone” above 50.
Technical Comment on the Dow 30:
The Dow finished at 12951.4. S/R: 12780/13000. Sitting between a narrow range of S/R.
Indicators:
Stochastic: 35.6. Above 20 and above its signal line. Positive.
RSI.9 is at 45.1. Negative. Still below 50.
MACD Histogram. Marginally above zero. Neutral.
MACD. Below zero. Negative.
CCI.14: -57.1. Neutral.
The 10-DayEMA is below the 20-DayEMA. Negative. This x-over has a good record for keeping medium-term traders out of the market in the event of a waterfall event.
I’ve been expecting a two-leg down correction. At this stage, that still looks reasonable. The Nasdaq100 is already in its second leg down. (See chart below.)
Redbacka
- Forums
- ASX - By Stock
- stockie's heart of darkness tuesday
In America:Dow Industrials +0.56%Dow Transports +0.72%SP500...
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,013.4 |
Change
31.000(0.39%) |
Mkt cap ! n/a |
Open | High | Low |
7,982.4 | 8,030.3 | 7,982.4 |
Featured News
XJO (ASX) Chart |