Indices closed down.
S&P 500 @ 2342.19, low 2334.54, high 2348.35
RSI @ 44.88
CMF @ 0.028
Internals were :
Down volume led by 1.63 to 1 in NYSE & .99 to 1 in Nasdaq
Declining stocks led by 1.11 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & lows by 7 in Nasdaq
VIX Down 1.64% @ 14.42
Oil @ $52.41
Gold @ $1294.10
AH ER...LRCX UP 4.45%, IBM Down 5.37%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE is operating in a weak investing environment. International tension is brewing and US economy is slowing down. Politicians are struggling with important tax reform. Market will take time to digest all this uncertainty. Stay with your high conviction stocks, most stocks are struggling near lows.
BLOG does NOT give buy or sell.
Saleem
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