Indices closed UP.
S&P 500 @ 2099.32, high 2100.97, low 2085.10
RSI @ 61.20
CMF @ 0.119
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 1.96 to 1 in NYSE & 1.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & 46 in Nasdaq
VIX UP 0.07% @ 14.20
Oil @ $49.01
Gold @ $1211.90
Stocks which were UP 1% or more included VRX PANW SPLK
PCLN QRVO LULU CHK SWN FEYE MU AMCC CIEN
OLED DATA CSOD......
AH ER.....BOX Down 8.12%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE followed oil, economic data from China & US, oil became the deciding factor in the end. TAPE erased all the losses and closed @ high of the day, a pattern, which is happening daily. OPEC is meeting on Thursday and its consensus or lack of will dictate oil price and direction of equities. ECB is also on tap and its decision will also weigh on equities. IF everything goes our way then equities could be sharply higher.
BLOG does NOT give buy or sell.
Saleem
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