Indices closed UP.
S&P 500 @ 2128.28, high 2132.82, low 2123.65
RSI @ 60.41
CMF @ -0.012
Internals were :
Down volume led by 2.40 to 1 in NYSE & 1.43 to 1 in Nasdaq
Declining stocks led by 2.15 to 1 in NYSE & 2.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 199 in NYSE & 31 in Nasdaq
VIX UP 2.51% @ 12.25
Oil @ $50.15
Gold @ $1106.80
AH ER ...STLD UP .64%, IBM Down 5.32%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE looked tired and internals were weak, it has the feel of topping action. It is a time to look @ your comfort level. Any profit should be booked ASAP. I am extremely nervous about the deterioration in internals of this market. Minimum exposure is OK.
BLOG does NOT give buy or sell.
Saleem
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