Indices closed mixed.
S&P 500 @ 2798.36, low 2785.02, high 2809.79
RSI @ 53.33
CMF @ 0.031
Internals were :
Down volume led by 1.01 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by .97 to 1 in NYSE & .91 to 1 in Nasdaq
Net new 52 wk high were leading by 88 in NYSE & low by 37 in Nasdaq
VIX Down .91% @ 16.33
Oil @ $58.82
Gold @ $1322.60
AH news...ZUMZ Down 4.99%, IQ Down 4.25%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE had to digest political news of no new indictment in Russia probe, this was a definite plus as one uncertainty is out of the way. TAPE was also testing support after huge run, looks like today's low area lies a strong support. We are ready to move higher as we watch progress in US China trade talks. Inverted yield may have limited impact in market as of now.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Great analysis
Hi Raja,
Thanks for your appreciative note.
Welcome to BLOG.
Saleem
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