Indices closed down.
S&P 500 @ 1917.83, low 1915.09, high 1930.00
RSI @ 51.65
CMF @ 0.153
Internals were :
Down volume led by 1.45 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by .95 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & lows by 38 in Nasdaq
VIX Down 3.00% @ 21.64
OIl @ $30.77
Gold @ $1226.30
AH ER...JWN Down 8.38%, AMAT UP 7.22%
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE pulled back after major UP move. Oil rested today as pundits talk is on overdrive for oil production freeze agreement with Iran & Iraq, it is in everybody's interest to agree on managing oil prices and bringing stability to world economy. Today's pullback was orderly and many stocks bucked the trend, which is a sign of healthy TAPE. Internals were reflecting indices @ close. Conviction and diversification is a winning formula. There is a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
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