Positive Opening Does Not Hold
Stocks were expected to rise following positive economic news, but the sellers have stepped in.
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), the Dow (DJI) and the DJ Euro STOXX 50 (DSXZ6) are flashing flat RSI readings, but the RSI for the NASDAQ 100 (ENQZ6) is signaling weak momentum.
The e-mini S&P 500 is near the lower side of a trading range.
The Q.NYSEVolRatio is neutral as the volume ratio is just under 48%, but the Q.NASDAQVolRatio is negative as 59% of the trading is down-volume.
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.