Wednesday, December 21, 2016

Indices closed down .16% to .25%......

Indices closed down.

S&P 500 @ 2268.62, low 2266.80, high 2271.23

RSI @ 67.48

CMF @ -0.026

Internals were :

Down volume led by 1.80 to 1 in NYSE & 1.56 to 1 in Nasdaq

Declining stocks led by 1.13 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk highs were leading by 118 in NYSE & 141 in Nasdaq

VIX Down 1.57% @ 11.27

Oil @ $52.49

Gold @ $1133.20

AH ER...MU UP 9.91%, RHT Down 10.14%

AH Futures Down 

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE rested today after a spirited bull action for 6 weeks where series of new all time highs were made. We have 1.5 days left before Christmas holidays and last day to book gains and losses is only after 2.5 trading days, thus a low volume holiday environment. IF your research gives you some trading or investing ideas, it should be implemented. Although indices closed near low of the day, but internals were mixed, which is a good thing. CMF is negative in S&P 500, which shows lack of buyers around.

BLOG does NOT give buy or sell.

Saleem

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