Thursday, December 27, 2018

Indices closed UP .38% to 1.14%....NICE !!!!

Indices closed UP.

S&P 500 @ 2488.83, high 2489.10, low 2397.94

RSI @ 39.24

CMF @ -0.093

Internals were :

UP volume led by 1.82 to 1 in NYSE & 1.64 to 1 in Nasdaq

Advancing stocks led by 1.20 to 1 in NYSE & 1.03 to 1 in Nasdaq

Net new 52 wk lows were leading by 344 in NYSE & 299 in Nasdaq

VIX Down 1.48% @ 29.96

Oil @ $44.61

Gold @ $1281.10

AH news...OPK UP 10.67%, APHA UP 19.39%

                  TOL Down 5.89%, BZH Down 4.54%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under total control of HFT ( High Frequency Traders ) , they played as per their interpretation of each hour, DOW was Down 600 points and closed UP 260 points by close. Volatility like this only happens when we are trading near bottom of the range. One of these days we will be far above support area. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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