19:23
Unknown
Indices closed mixed but Dow & S&P 500 made another all time high.
S&P 500 @ 1897.45, 1902.17, low 1896.06
RSI @ 60.69
CMF @ 0.286
Internals were :
Down volume led by 1.11 to 1 in NYSE & 1.50 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 113 in NYSE & 19 in Nasdaq
VIX Down .82% @ 12.13
Oil @ $101.70
Gold @ $1294.80
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continuing its march towards new all time highs in S&P 500 & Dow. Nasdaq continues its selling of high beta stocks again which is a disappointment. Internals were negative also. This is becoming a two sided market & one has to watch where money is put to work. Nasdaq may climb high beta wall of worries & keep moving higher slowly.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1897.45, 1902.17, low 1896.06
RSI @ 60.69
CMF @ 0.286
Internals were :
Down volume led by 1.11 to 1 in NYSE & 1.50 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 113 in NYSE & 19 in Nasdaq
VIX Down .82% @ 12.13
Oil @ $101.70
Gold @ $1294.80
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continuing its march towards new all time highs in S&P 500 & Dow. Nasdaq continues its selling of high beta stocks again which is a disappointment. Internals were negative also. This is becoming a two sided market & one has to watch where money is put to work. Nasdaq may climb high beta wall of worries & keep moving higher slowly.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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