Indices closed down.
S&P 500 @ 2856.27, low 2851.11, high 2865.47
RSI @ 45.96
CMF @ 0.133
Internals were :
Down volume led by 2.16 to 1 in NYSE & 1.84 to 1 in Nasdaq
Declining stocks led by 1.71 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk high were leading by 11 in NYSE & 57 in Nasdaq
VIX Down 1.34% @ 14.75
Oil @ $61.42
Gold @ $1274.20
AH news...NTAP Down 7.59%, AVP UP 16.62%
LB UP 13.72%, VIPS UP 6.46%
AH futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak from start and closed lower near lows of the day. Even Fed minutes did not cheer up this market even though it showed no focus on raising rates anytime soon, maybe some were looking for hint of rate cut. Internals were weak. As we are heading into long weekend we may get sloppy action till Friday.
BLOG does NOT give buy or sell.
Saleem
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