Monday, July 6, 2015

Indices closed down .26% to .39%....

Indices closed down but well above lows of the day.

S&P 500 @ 2068.76, low 2058.40, high 2078.61

RSI @ 40.65

CMF @ -0.159

Internals were :

Down volume led by 2.53 to 1 in NYSE & 1.71 to 1 in Nasdaq

Declining stocks led by 1.72 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk lows were leading by 172 in NYSE & 98 in Nasdaq

VIX UP 1.31% @ 17.01

Oil @ $52.53

Gold @ $1173.20

AH News...AMD Down 13.77%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE showed resiliency and fought back despite no real news to boost it up. EU leadership are meeting Tuesday to chart their next move in dealing with NO vote in Greece. There is a general hope that Greece will come to an agreement with EU. IF that scenario builds up, markets will take off. Hopefully, everyone is positioned for next move UP.

BLOG does NOT give buy or sell.

Saleem

No comments: