Indices closed mostly flat as above average GDP of 3.9% was offset by consumer confidence ticking lower.
S&P 500 @ 2067.03, low 2064.75, high 2074.21
RSI @ 72.98
CMF @ 0.457
Internals were :
Down volume led by 1.09 to 1 in NYSE & .97 to 1 in Nasdaq
Declining stocks led by .85 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 164 in NYSE & 86 in Nasdaq
VIX Down 2.93% @ 12.25
Oil @ $74.09
Gold @ $1197.10
Stocks which were UP 1% or more included AKS EGO LULU
TSL QIHU GG OTEX YY LNKD PCLN KORS OWW
FB MA V HIMX FNSR PANW GMCR X STLD
ABX SLW AEM CCJ MGA.....
AH ER...ADI UP 1.99%, HPQ Down .74%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is giving a lot to be thankful about this market, it keeps going UP & UP for years. Indices were flat for the day to digest gains for weeks, that is all it does before marching UP again. Having a diversified portfolio has been a blessing in this TAPE. Stay engaged with this TAPE as it has its own unique momentum which cannot be defined by technicals, many have tried to go against this freight train and have failed miserably for last 5 straight years.
BLOG does NOT give buy or sell.
There will be closing BLOG for Wednesday & Friday, no BLOG on Thursday.
Those on holidays, have a very enjoyable thanksgiving with family & friends.
Saleem
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