Tuesday, 3 June 2014

Indices closed down .04% to .13%......

Indices closed slightly lower.


S&P 500 @ 1924.24, high 1925.07, low 1918.79


RSI @ 65.70


CMF @ 0.355


Internals were :


Down volume led by 1.05 to 1 in NYSE & 1.11 to 1 in Nasdaq


Declining stocks led by 1.64 to 1 in NYSE & 1.63 to 1 in Nasdaq


Net new 52 wk highs were leading by 130 in NYSE & by 1 in Nasdaq


VIX UP 2.50% @ 11.87


Oil @ $102.66


Gold @ $1244.50


AH ER TIBX Down 12.22%


AH Futures Down


AH Asian markets Mixed


AH Oil & Gold UP


About market, there is good news & bad news about TAPE today, first good news, we closed near all time highs & near high point of the day, bad news is, internals were much weaker than close would indicate. TAPE is digesting gains & waiting for key market moving news from ECB & US jobs data. Never short a "dull market" because it may explode UP on slight news. Trend remains firmly UP.


BLOG does NOT give buy or sell.


Saleem

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