Monday, January 7, 2013

Indices closed down .09% to .38%....

Indices were under mild selling pressure after major gains....

S&P 500 closed @ 1461.89

RSI @ 62.33

CMF @ 0.124

Internals were :

Down volume led by 1.43 to 1 in NYSE & .93 to 1 in Nasdaq

Declining stocks led by 1.20 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 175 in NYSE & 89 in Nasdaq

VIX closed Down .29% @ 13.79

Oil closed @ $93.19

Gold closed @ $1646.30

AH News :

YUM Down 5.32%

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE remains healthy as market is holding most of its gains. Earnings report are starting with MON in AM & AA in PM, hopefully MON should give hope to AG sector. AA is known to guide lower or miss expectations.

BLOG does NOT give buy or sell.

Saleem

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