Thursday, June 16, 2016

Indices closed UP .21% to .53%.....NICE!!!!

Indices closed UP.

S&P 500 @ 2077.99, high 2079.62, low 2050.37

RSI @ 47.62

CMF @ 0.224

Internals were :

Down volume led by 1.26 to 1 in NYSE & .73 to 1 in Nasdaq

Declining stocks led by 1.05 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk highs were leading by 64 in NYSE & lows by 30 in Nasdaq

VIX Down 3.82% @ 19.37

Gold @ $1298.40

AH ER...FNSR UP 10.18%, ORCL UP 1.97%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE started the same usual pattern of selling, then news broke of a killing in Brexit emotion, which halted campaign to honour the MP. This break in Brexit frenzy caused US$ to retreat and gold turned south, oil remained in slump. Market was deeply oversold and any news could have halted this slump. Hopefully oil has completed its retracement and its on its way back UP. Market should be good on Friday based on futures.

BLOG does NOT give buy or sell.

Saleem

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