Indices closed mixed.
S&P 500 @ 2755.88, low 2749.22, high 2778.94
RSI @ 34.38
CMF @ -0.266
Internals were :
Down volume led by 2.02 to 1 in NYSE & .88 to 1 in Nasdaq
Declining stocks led by 1.51 to 1 in NYSE & 1.34 to 1 in Nasdaq
Net new 52 wk lows were leading by 362 in NYSE & 291 in Nasdaq
VIX Down 1.26% @ 19.64
Oil @ $69.17
Gold @ $1224.60
AH news...CDNS UP 11.06%, SSNC UP 7.11%
FLEX Down 4.34%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was predictable, open higher and closed near low, S&P 500 and Nasdaq are below 200 DMA @ close again, not the direction it should have taken especially after Shanghai 4%+ UP close, relative weakness continues. Only DOW is above 200 DMA barely, IF futures are any indication, we may be be setting up for another low in all major index, not a TAPE to have more than minimum exposure.
BLOG does NOT give buy or sell.
Saleem
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