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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