Indices closed down.
S&P 500 @ 2853.53, low 2851.48, high 2870.62
RSI @ 76.39
CMF @ 0.365
Internals were :
Down volume led by 3.18 to 1 in NYSE & 1.55 to 1 in Nasdaq
Declining stocks led by 4.64 to 1 in NYSE & 2.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 169 in Nasdaq
VIX UP 24.91% @ 13.84
Oil @ $65.56
Gold @ $1340.30
AH news...EXTR UP 6.32%, MXIM Down 8.71%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE reacted to rising interest rates and slow progress in NAFTA, 10 year treasury yield has jumped to highest level since April 2014. Market hate surprises and interest rate sharp jump was more than surprise. As TAPE was overbought, this news jolted many to book profit. Nothing has changed in positive picture of this strong bull market.
BLOG does NOT give buy or sell.
Saleem
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