Wednesday, March 29, 2017

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2361.13, high 2363.36, low 2352.94

RSI @ 53.56

CMF @ 0.010

Internals were :

UP volume led by 1.95 to 1 in NYSE & 2.08 to 1 in Nasdaq

Advancing stocks led by 1.88 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk highs were leading by 81 in NYSE & 73 in Nasdaq

VIX Down .95% @ 11.42

Oil @ $49.51

Gold @ $1253.70

Stocks which were UP 1% or more included CNQ TECK 
BABA PI GOOGVRX CHK AMZN CMG FCX UA
LULU KGC COH SINA SU TK RIG FEYE WB
LNG YELP SNAP TRIP DATA M CNX.....

AH ER..LULU Down 17.57%, EXTR UP 16.87%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE continued its recovery from below 50 DMA, Dow was negative due to financials being weak. Internals were strong and positive all over. Technology was strong and AMZN hit new all time high. Strong stocks performing well. Energy came alive due to low distillate inventory. Hopefully, all indices may close green on Thursday.

BLOG does NOT give buy or sell.

Saleem

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