Indices closed mixed.
S&P 500 @ 2824.23, low 2812.43, high 2843.54
RSI @ 64.57
CMF @ 0.045
Internals were :
Down volume led by 1.42 to 1 in NYSE & 1.72 to 1 in Nasdaq
Declining stocks led by 1.16 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 101 in NYSE & 47 in Nasdaq
VIX UP 2.58% @ 13.91
Oil @ $59.83
Gold @ $1301.70
AH news....MU UP 4.78%, HLT Down 3.9%
MXWL Down 6.34%, GES Down 13.91%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, TAPE greeted Fed dovish stance with UP move and then closed mixed. Financials took a toll in DOW as lower interest rates in US will hurt profitability. Internals were weak as fear of weak economy persist. We should see positive action in market going forward.
BLOG does NOT give buy or sell.
Saleem
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