Wednesday, January 23, 2019

Indices closed UP .08% to .70%...NICE !!!!

Indices closed UP.

S&P 500 @ 2543.36, high 2653.19, low 2612.86

RSI @ 56.64

CMF @ 0.351

Internals were :

Down volume led by 1.07 to 1 in NYSE & 1.06 to 1 in Nasdaq

Declining stocks led by .95 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk high were leading by 1 in NYSE & lows by 26 in Nasdaq

VIX Down 6.15% @ 19.52

Oil @ $52.62

Gold @ $1284.00

AH news....XLNX UP 8.93%, LRCX UP 5.15%

                   CTXS Down 5.65%, LVS Down 3.37%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE is waiting for positive news on US shutdown & trade resolution, they both are stuck in stalemate. Market needs catalyst and seems to be on hold for now. Despite all of the negative TAPE closed in green, which is surprising. Keep an eye on your portfolio strength or weakness and act accordingly.

BLOG does NOT give buy or sell.

Saleem

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