Wednesday, 2 October 2013

Indices closed down .07% to .39%.....

Indices closed near high of the day.


S&P 500 @ 1693.87, low 1680.34


RSI @ 53.66


CMF @ 0.123


Internals were :


UP volume led by 1.34 to 1 in NYSE & .99 to 1 in Nasdaq


Advancing stocks led by .79 to 1 in NYSE & .65 to 1 in Nasdaq


Net new 52 wk highs were leading by 79 in NYSE & 137 in Nasdaq


VIX UP 6.82% @ 1680.34


Oil @ $104.10


Gold @ $1320.70


AH Futures Down


AH Asian Markets UP


AH Oil & Gold Down


About market, S&P 500 closed @ absolute high of the day, this sums up the strength of this bull market despite shutdown & no agreement on raising debt limit. This TAPE action would have been "fictional" in past years. I have a feeling that this TAPE is looking well beyond November 1st which is how long these politicians wants to take before using their brain.Make sure you are buying strong stocks when we open weak which is a daily routine.


BLOG does NOT give buy or sell.


Saleem

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