Indices closed down.
S&P 500 @ 2793.90, low 2789.47, high 2803.12
RSI @ 69.42
CMF @ 0.306
Internals were :
Down volume led by 1.39 to 1 in NYSE & 1.20 to 1 in Nasdaq
Declining stocks led by 1.29 to 1 in NYSE & 1.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 112 in NYSE & 42 in Nasdaq
VIX UP 2.15% @ 15.17
Oil @ $55.55
Gold @ $1328.50
AH news...WTW Down 31.96%, VICR Down 13.43%
GWPH UP 9.22%, PANW UP 9.83%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE stayed closed to unchanged whole day then closed ever so slightly lower. Internals were weak. Market looks very tired that is why it could not break technical resistance in S&P 500 despite Fed chief in his testimony was more than bullish for stock market. When good news does not propel market higher, then its time to book profit.
BLOG does NOT give buy or sell.
Saleem
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