Indices closed down
S&P 500 @ 2411.80, low 2403.59, high 2415.99
RSI @ 60.74
CMF @ 0.364
Internals were :
Down volume led by 1.36 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by .99 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 39 in Nasdaq
Oil @ $48.32
Gold @ $1275.40
AH ER....PANW UP 11.69%. DAKT UP 5.64%
HPE Down 2.34%, SYNA Down 2.87%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was negative right after open on lower oil, Fed minutes pointing to slower auto sales and labor tightening, potential reason for June hike in interest rates. TSLA has been outperforming lately. Internals were mostly negative.This TAPE is extremely narrow and only select stocks are making new all time highs. Nasdaq made a new intraday all time high right @ open.
BLOG does NOT give buy or sell.
Saleem
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