Monday, November 13, 2017

Indices closed UP .07% to .10%....NICE !!!!

Indices closed UP.

S&P 500 @ 2584.84, high 2587.66, low 2574.48

RSI @ 63.22

CMF @ 0.303

Internals were :

Down volume led by 1.40 to 1 in NYSE & .82 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk lows were leading by 13 in NYSE & 10 in Nasdaq

VIX UP 1.86% @ 11.50

Oil @ $56.76

Gold @ $1278.90

AH news...BWLD UP 27.93%, XRAY Down 11.72%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was weak @ open, by close indices closed near high of the day. Internals were weak.Nasdaq internals were positive as many Chinese and FANG stock behaved better.Tax reform is the game changer, still there is lot of buying on weakness, this is working well for the bulls.

BLOG does NOT give buy or sell.

Saleem

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