Tuesday, March 17, 2015

Indices closed mixed.....

Indices closed mixed while Nasdaq closed green....

S&P 500 @ 2074.28, low 2065.08, high 2080.59

RSI @ 49.63

CMF @ 0.182

Internals were :

Down volume led by 1.25 to 1 in NYSE & .94 to 1 in Nasdaq

Declining stocks led by 1.13 to 1 in NYSE & .89 to 1 in Nasdaq

Net new 52 wk highs were leading by 33 in NYSE & 50 in Nasdaq

VIX UP .32% @ 15.66

Oil @ $43.46

Gold @ $1148.20

AH ER ....TUES UP 8.32%, ORCL UP 1.66%, 
ADBE Down 3.83%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE maintained its unconvincing pattern by going DOWN after a day UP. It is all about Fed policy statement @ 2 PM, i do not expect any change this time. Q&A is always dangerous when some answer may not go well in terms of interest rate expectations. We may see a strong close. Some stocks are showing relative strength and majority are showing weakness, it may be time to overweight strong ones.

BLOG does NOT give buy or sell.

Saleem

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