Indices closed mixed.
S&P 500 @ 2745.73, low 2731.23, high 2757.90
RSI @ 65.00
CMF @ 0.364
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.75 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 51 in Nasdaq
VIX UP 3.64% @ 16.22
Oil @ $54.41
Gold @ $1313.90
Stocks which were UP 2% or more included SHOP HUYA
ESTC FEYE VICR NFLX RIG OSTK....
AH news...ACOR UP 9.25%, NVDA UP 5.42%
TRUE Down 18.16%, AMAT Down 2.06%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed @ close on weak economic data from US and strong trade data from China. Market being overbought will react to any bad news, it needs to pullback to a better entry point, RSI may need to come down to 40+ level before it is ready to move up again, S&P 500 and DOW are above 200 DMA but Nasdaq remained below 200 DMA, diversion is not good technically speaking. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
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