Down Opening Starts the Week
Wal-Mart forecasted lower sales growth initially brought sellers out to start trading.
In the quote window, each of the symbols details the last price and change for the day. The two studies, the relative strength index (RSI) and the moving average convergence/divergence (MACD) and its 9-period average (MACDA or Signal Line) are based 15-minute bars.
The morning RSI readings for the top row, which are equity derivative products, are slightly weak for the E-mini S&P (EPZ6) and the Dow (DJI) and are indicating some minor selling, but the RSI for the NASDAQ 100 (ENQZ6) and DJ Euro STOXX 50 (DSXZ6) are neutral.
The MACD for the e-mini S&P 500 is about to crossover the MACD average.
The Q.NYSEVolRatio is indicating some minor selling as the volume ratio is 41.42%, which means the down-volume is running at 62%. The Q.NASDAQVolRatio is psotive with up-volume reading 57.38% of the trading.
The S&P 500 is compared to the NYSE Volume ratio. The right hand scale is the percentage of up-volume. A reading of 40 indicated up-volume is only 40% of the trading. Today, the S&P 500 took out Friday’s low, but the selling pressure as measured by the volume ratio was not as weak as on Friday.
Next, in the second row is ETZ6, ICE WTI Light Sweet Crude Oil for December, which is trading down, and while oversold, still looks weak.
The RSI for Gold (GCZ6) is indicating buying pressure.
Yields in the Treasury market up today.
The EUR/USD pair is trading down.