Indices closed slightly lower.
S&P 500 @ 2104.99, low 2100.02, high 2111.30
RSI @ 57.33
CMF @ -0.014
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.27 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 87 in Nasdaq
VIX Down 1.87% @ 12.60
Oil @ $56.71
Gold @ $1198.00
Stocks which closed green included LULU VDSI
OTEX YY PCLN GOOGL NXPI TWTR SWIR WUBA
COH JKS CSIQ DNKN CMG FFIV SPWR YNDX AMCC
CIEN FNSR C NFLX AAL SPLK DATA CSOD MGA Z AGU..
AH ER...NOW Down 8.53%, AMD Down 11.15%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE rested today on low volume, there is minor internal deterioration even on flattish close. Market internals are strong on most UP days but have a tendency to go negative on even flattish close which is an ongoing surprise. Earnings will go on overdrive in next two weeks which may complete this rally in current form. Let the portfolio breathe for next two weeks then we will evaluate.
BLOG does NOT give buy or sell
PS....there is only a closing BLOG around 7 PM on last day of trading or Fridays.
Saleem
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