Indices closed mixed.....

TAPE staged another reversal & closed near low of the gay.


S&P 500 @ 1802.48, low 1800.58, high 1808.10


RSI @ 65.28


CMF @ 0.232


Internals were :


Down volume led by 1.32 to 1 in NYSE & 1.25 to 1 in Nasdaq


Declining stocks led by 1.25 to 1 in NYSE & .90 to 1 in Nasdaq


Net new 52 wk highs were leading by 176 in NYSE & 224 in Nasdaq


VIX UP 4.32% @ 12.79


Oil @ $94.09


Gold @ $1241.20


Stocks which closed green included AUY

AMZN NFLX MS PCLN AAPL MA

GOOG LULU DNKN COH YNDX

LRCX CIEN JDSU FNSR PANW

C M MCD X EGO AEM CCJ

GS AGU JCP WYNN.....


AH ER :


NUAN Down 6.5%, WDAY UP 8.39%, PANW UP 9%


AH Futures UP


AH Asian Markets Mixed


AH Oil & Gold UP


About market, Iranian agreement euphoria only lasted till open after that it was downhill. Many stocks got beaten up especially Chinese & Social media stocks, some are near recent trading lows. As usual these weakness are buying opportunity. I expect recovery in beaten down stocks until Wednesday close. Week of Thanksgiving is bullish, i find no reason to doubt that despite today's TAPE action.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed