Thursday, June 25, 2015

Indices closed down .20% to .42%....

Indices closed near low of the day.

S&P 500 @ 2102.31, low 2101.78, high 2116.04

RSI @ 48.43

CMF @ -0.185

Internals were :

Down volume led by 1.57 to 1 in NYSE & 1.54 to 1 in Nasdaq

Declining stocks led by 1.79 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk lows were leading by 24 in NYSE & highs by 74 in Nasdaq

VIX UP 5.66% @ 14.01

Oil @ $59.70

Gold @ $1171.80

AH ER...NKE UP 3.59%, BWLD Down 3.6%
               MU Down 11.49%

AH Futures Mixed

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE is waiting for resolution of Greek talk, meeting to resume on Saturday. Market internals are getting weaker as market waits for resolution. It is important to keep focus on good stocks which are getting attractive. After this base building process, TAPE will resume its uptrend.

BLOG does NOT give buy or sell.

Saleem

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