Indices closed mixed.....
S&P 500 @ 2798.43, low 2793.39, high 2803.71
RSI @ 61.75
CMF 0.084
Internals were :
Down volume led by 1.58 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 2.05 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk low were leading by 26 in NYSE & highs by 17 in Nasdaq
AH news...NFLX Down 14.13%, IGT UP 4.51%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling due to mini overbought condition and oil taking a hit due to oversupply from Saudi Arabia and Iran who is being authorized to sell its oil, by close it was
a mixed day with Dow closing green. After close NFLX bull run ended and slumped on missing subscribers number badly, this is affecting Nasdaq by 42 points lower so far. I do not believe that Nasdaq will suffer too much with NFLX fiasco, it is a stock specific situation, so buy the weak open.
BLOG does NOT give buy or sell.
Saleem
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