Thursday, January 5, 2017

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2269.00, low 2260.45, high 2271.50

RSI @ 62.04

CMF @ 0.082

Internals were :

Down volume led by 1.29 to 1 in NYSE & 1.01 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 118 in NYSE & 101 in Nasdaq

VIX Down 1.52% @ 11.67

Oil @ $53.76

Gold @ $1181.30

AH news...GPS UP 8.56%, AMGN UP 3.94%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under mild selling pressure but closed near high of the day, internals were mixed. Friday is all about jobs, expectations around 178,000...we have not met jobs expectations for a while, this time it may be different, because of holidays hiring, thus a beat. Nasdaq closed @ new all time high on technology leaders being strong. As i have suggested many times, a diversified portfolio will do better on most days. There is a closing BLOG only on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

As per plan, added to ACIA @ 60.84

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with ACIA.

Saleem