Indices closed down.
S&P 500 @ 2172.47, low 2169.74, high 2179.00
RSI @ 51.61
CMF @ 0.150
Internals were :
UP volume led by 1.36 to 1 in NYSE & 1.07 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 58 in Nasdaq
VIX UP 1.34% @ 13.63
Oil @ $47.33
Gold @ $1324.60
Stocks which were UP 1% or more included AKS CMG JCP VRX
CTRP SPLK KGC QRVO NFLX DNKN CHK SWN TK WB
YELP MU TCK SLW.....
AH ER...SPLK Down 6.61%, GME Down 7.80%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed resiliency today despite looming statement from Fed chief, Janet Yellen will NOT say anything different from what she has already articulated, thus an easy calm in the market today. Like many events / speeches this will pass also and market can go about their business. S&P has barely moved from all time high, its off by less than 1%. Internals were all positive today. Do not be surprised, IF we rally hard after speech.
BLOG does NOT give buy or sell.
Saleem
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