TAPE was mixed again with Nasdaq closing @ its highest level since 2000.
S&P 500 @ 1844.86, high 1846.87
RSI @ 58.94
CMF @ 0.215
Internals were :
UP volume led by 1.41 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.83 to 1 in NYSE & 1.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 151 in NYSE & 214 in Nasdaq
VIX Down .23% @ 12.84
Oil @ $96.73
Gold @ $1238.60
Stocks which were UP 1% or more included JKS KOG MU
EXTR SWIR BBRY TRIP MGA BIDU TSLA NFLX
LUV KORS ARUN CRUS GMCR LRCX BRCM
CIEN JDSU FNSR TSL YHOO LEN MA JCP
SPWR CSOD TRLA....
AH ER : SNDK Down .89%, WDC Down 2.82%
EBAY UP 5.7%, FFIV UP 10.39%, NFLX UP 17.96%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Dow was the sole loser of the day. AH Chinese HSBC Flash PMI came in @ 49.6% which is the first contraction in 6 months. Most of the commodities were predicting this for a while. I do not believe this data will change bullish US TAPE. I expect market to close higher on Thursday.
BLOG does NOT give buy or sell.
Saleem
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