Thursday, March 8, 2018

Indices closed UP .38% to .45%...NICE !!!!

Indices closed UP.

S&P 500 @ 2738.97, high 2740.45, low 2722.66

RSI @ 52.64

CMF @ 0.124

Internals were :

UP volume led by 1.26 to 1 in NYSE & 1.45 to 1 in Nasdaq

Advancing stocks led by 1.37 to 1 in NYSE & 1.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 64 in NYSE & 158 in Nasdaq

VIX Down 6.87% @ 16.54

Oil @ $60.12

Gold @ $1321.70

AH news....FNSR Down 9.25%, MRVL Down 3.33%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

 About market, TAPE reacted well to press conference on tariff's detail which exempted Canada and Mexico for now. Indices closed near high of the day, internals were all positive after many days. It is all about jobs report @ 8.30 AM, based on all indicators, it should be above consensus, no, market should not tank on hot jobs report, it is very well discounted already with tariff negativity. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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