Thursday, January 12, 2017

Indices closed down .21% to .32%.....

Indices closed down.

S&P 500 @ 2270.44, low 2254.25, high 2271.78

RSI @ 59.72

CMF @ -0.005

Internals were :

Down volume led by 1.73 to 1 in NYSE & 1.57 to 1 in Nasdaq

Declining stocks led by 1.55 to 1 in NYSE & 1.96 to 1 in Nasdaq

Net new 52 wk highs were leading by 68 in NYSE & 62 in Nasdaq

VIX UP 2.49% @ 11.54

Oil @ $53.01

Gold @ $1199.80

AH News....P UP 7.92%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP 

AH Gold Down

About market, TAPE fought its way back to close near high of the day, how we close, tells us more about the strength of any TAPE. Earnings starting in the morning with banks, that should set the tone for Friday and next week. Internals were weak today but improved by close, they were running as negative 3 to 1 during the day.Steels stocks got slammed today, on analyst note regarding weaker demand.Oil and Gold kept their UP moves as US$ weakened.

BLOG does NOT give buy or sell.

Saleem

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