Wednesday, April 19, 2017

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2338.17, low 2335.05, high 2352.63

RSI @ 43.11

CMF @ 0.058

Internals were :

UP volume led by .58 to 1 in NYSE & 1.38 to 1 in Nasdaq

Advancing stocks led by .88 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new 52 wk highs were leading by 62 in NYSE & 54 in Nasdaq

VIX UP 3.54% @ 14.93

Oil @ $50.44

Gold @ $1283.40

Stocks which were UP 1% or more included BIDU CY
BBRY SWIR OLED SBUX TSLA DATA MGA MS
OPK CMG AAL M LRCX.....

AH ER....QCOM UP 2.39%, EBAY Down 1.93%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE reversed and closed near low of the day, showing continued technical weakness. Too many international issues from French election to North Korea and now Iran in mix, extremely volatile situation.Considering everything internals were neutral, which is encouraging.Oil weakness is not helping either. Stay with high conviction stocks until there is some clarity on most issues.

BLOG does NOT give buy or sell.

Saleem

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