20:06
Unknown
Indices closed mixed on Fed minutes.
S&P 500 @1685.73,high 1698.43, low 1684.94
RSI @ 61.57
CMF @ 0.241
Internals were :
UP volume led by .87 to 1 in NYSE & 1.22 to 1 in Nasdaq
Advancing stocks led by 1.05 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 166 in Nasdaq
VIX UP .45% @ 13.45
Oil @ $105.03
Gold @ $1313.00
AH ER :
Negative reaction AUY Down .48%, SPWR Down 2.50%
Positive reaction YELP UP 7.46%, TRLA UP 11.11%
AH Futures UP
AH Asian Markets UP
AH Gold & Oil UP
About market, TAPE appears to have worked off froth in last seven trading days, 1698.78 high has been tested three times & it appears to be ready for a takeout. IF we break out 1750 is a logical target. This TAPE has amazing resiliency & did not correct even 2% this time, just marked time for about fourteen days @ support line of 1680 area. Get ready for a major lift off.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @1685.73,high 1698.43, low 1684.94
RSI @ 61.57
CMF @ 0.241
Internals were :
UP volume led by .87 to 1 in NYSE & 1.22 to 1 in Nasdaq
Advancing stocks led by 1.05 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 166 in Nasdaq
VIX UP .45% @ 13.45
Oil @ $105.03
Gold @ $1313.00
AH ER :
Negative reaction AUY Down .48%, SPWR Down 2.50%
Positive reaction YELP UP 7.46%, TRLA UP 11.11%
AH Futures UP
AH Asian Markets UP
AH Gold & Oil UP
About market, TAPE appears to have worked off froth in last seven trading days, 1698.78 high has been tested three times & it appears to be ready for a takeout. IF we break out 1750 is a logical target. This TAPE has amazing resiliency & did not correct even 2% this time, just marked time for about fourteen days @ support line of 1680 area. Get ready for a major lift off.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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