Indices closed mixed.....
S&P 500 @ 2127.83, low 2124.50, high 2133.02
RSI @ 58.64
CMF @ 0.122
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.56 to 1 in Nasdaq (not a typo )
Declining stocks led by 1.49 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 71 in Nasdaq
VIX UP .94% @ 12.85
Oil @ $57.26
Gold @ $1206.70
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was indecisive and traded on both side of flatline. Dow closed @ new all time high. S&P 500 made an intraday new all time high. This is a normal market and the trend is UP. Stay invested while the market sort out cross current of interest rate and US$, which way they all will settle differs on day to day worldwide conflicting moves.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Had a small amount of cash so bought a speculative position in RUBI @ 17.01.
It has decent fundamentals and would likely be the next acquisition target in "adtech" after the AOL deal.
Stocktrader
Hi Stocktrader,
Good luck with RUBI.
Saleem
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