Indices closed mixed.
S&P 500 @ 2182.64, low 2175.96, high 2185.15
RSI @ 58.62
CMF @ 0.266
Internals were :
UP volume led by .58 to 1 in NYSE & 1.18 to 1 in Nasdaq
Advancing stocks led by 1.01 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & 92 in Nasdaq
VIX UP 8.20% @ 12.27
Oil @ $47.05
Gold @ $1343.40
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under pressure due to upcoming speech by Janet Yellen on Friday, Fed does NOT announce policy matters @ Jackson Hole type of get together, any weakness due to this is a buying opportunity. Nasdaq the strongest indices was in green most of the day and closed green. Interesting to see rotation in this TAPE, thus a diversified portfolio of opportunistic stocks works.
BLOG does NOT give buy or sell.
Saleem
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