Wednesday, June 7, 2017

Indices closed UP .16% to .36%....NICE !!!!

Indices closed UP.

S&P 500 @ 2433.14, high 2435.28, low 2424.75

RSI @ 64.81

CMF @ 0.310

Internals were :

UP volume led by .82 to 1 in NYSE & 1.63 to 1 in Nasdaq

Advancing stocks led by .89 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 47 in NYSE & 65 in Nasdaq

VIX Down .57% @ 10.39

Oil @ $45.72

Gold @ $1293.20

Stocks which were UP 1% or more included WB
MCHP TSLA AMD NTES SWKS NVDA MU
BAC UA JKS SINA YEKP CRUS NKE X
AAL....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under mild selling pressure until Comey's prepared testimony was released, then indices closed near high of the day. Internals were mixed.Thursday being dubbed as very important day for market, first ECB interest rate decision, which i expect no change, second UK election, i expect no change in governing party, third Comey's testimony, i expect no impact as most content is known to market. Thursday may end up as a very strong day in market.

BLOG does NOT give buy or sell.

Saleem

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