One of the less exciting days one will find on the street as the SPX closed +2, the NAZ -1 and the DJIA -16.
Strong sectors- metals, ags, telecom, fins, real estate and brokers while retail, semis, small caps and internets lagged.
NYSE- 180 net losers;
NAZ- 470 net losers;
SPX- 233 GREEN;
NDX- 50 GREEN;
Up volume 1.5x the down with about 1.2B shares traded;
VIX - down almost 2% at 31.63;
Gold higher at $926 while crude ripped to $69.2.
Not much to say about today's trade except it was a sloppy chop festival- my trades - SSO sold for a little gain near the end of the day - very little - snack money.
Markets still over sold but working it off with the side way trade and RSI 2 levels as follows:
Prices a bit below the 50 and 200 SMA - so that will be followed closely by all the technicians- 899 on both.