Mixed Opening with Tech Up but the Dow is Down
Early buying in technology, but selling in some Dow stocks leads to a mixed early session.
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 mixed. The E-mini S&P (EPZ6) and the Dow (DJI) and are flashing flat readings, but the RSI for the NASDAQ 100 (ENQZ6) is a little bullish while the RSI for the DJ Euro STOXX 50 (DSXZ6) is a little negative.
The MACD for the e-mini S&P 500 is somewhat negative and looks like it is about to roll over.
The Q.NYSEVolRatio is neutral as the volume ratio is 48% and the Q.NASDAQVolRatio is positive with up-volume reading 59% 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. When this image was captured, the NYSE Volume ratio is indicating that sellers are taking control.
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 as it is a clear down trend.
The RSI for Gold (GCZ6) is indicating buying pressure.
Yields are falling in the Treasury market today. The T-notes are rallying
The EUR/USD pair is trading up, and is a little overbought.