Indices closed UP.
S&P 500 @ 2271.80, high 2277.53, low 2263.32
RSI @ 77.57
CMF @ 0.230
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 186 in Nasdaq
VIX UP .63% @ 12.72
Oil @ $52.98
Gold @ $1159.00
Stocks which were UP 1% or more included BIDU CNQ
AKS PI NVDA AMZN ABX FB OLED TWTR LVS
AAPL KGC MSFT TSLA SINA SU YELP WYNN
CSOD SLW AEM M PANW......
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE made another all time highs in all major indices. Tomorrow its all about Fed decision on interest rates, expectations is an increase of 25 basis, it is the commentary which will matter most. It is extremely hard to handicap what fed statement will be. My thesis is, that it should help financials, technology and US$, negative for Oil, Gold & commodities. I have exposure in both areas, so net net it may not matter for me. Carter Worth is negative on financials, which needs attention.
BLOG does NOT give buy or sell.
Saleem
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