Indices closed mixed.
S&P 500 @ 2991.78, low 2982.23, high 2999.15
RSI @ 56.98
CMF @ 0.250
Internals were :
UP volume led by 1.14 to 1 in NYSE & .95 to 1 in Nasdaq
Advancing stocks led by 1.22 to 1 in NYSE & .82 to 1 in Nasdaq
Net new 52 wk highs were leading by 119 in NYSE & 8 in Nasdaq
VIX Down 2.68% @ 14.91
Oil @ $58.64
Gold @ $1531.50
Stocks which were UP 1% or more included AMD LSCC
JKS SPWR NVDA AEM AMAT FFIV OLED QRVO
NTNX TK CSIQ ORCL MCD ULTA NKE CMG
LRCX XLNX CNX.....
AH futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continued its weak action for 3 days in a row, there was weak economic data from Germany pointing to contraction in their economy. Any rebound in Indices needs to be evaluated in terms of volume and how we close back to back before drawing any conclusion. Earnings are few weeks away for Q 3, so catalyst is missing.
BLOG does NOT give buy or sell.
Saleem
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