Indices closed mixed.
S&P 500 @ 2081.72, high 2083.67, low 2069.91
RSI @ 58.89
CMF @ 0.256
Internals were :
UP volume led by 1.27 to 1 in NYSE & .78 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk lows were leading by 55 in NYSE & by 25 in Nasdaq
VIX Down 7.45% @ 15.29
Oil @ $44.21
Gold @ $1088.50
AH ER...WPRT Down 12.2%, ATML Down 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under mild selling pressure again, but managed to erase most of its losses and managed to close green in S&P 500 & Dow. TAPE has been resting after big gain for last 5 trading days, it seems that selling has dried up and we are looking @ higher prices. Many stocks are bucking the trend and staying near all time highs, this is a very good sign of stability in leaders. Stay with strength and prune losers.
BLOG does NOT give buy or sell.
Saleem
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