Monday 2 June 2014

Indices closed mixed....

Indices closed near high of the day.


S&P 500 @ 1924.97, high 1925.88, low 1915.98


RSI @ 66.16


CMF @ 0.362 @ its highest point in last 6 months.


Internals were :


UP volume led by 1.14 to 1 in NYSE & .83 to 1 in Nasdaq


Declining stocks led by 1.11 to 1 in NYSE & 1.67 to 1 in Nasdaq


Net new 52 wk highs were leading by 190 in NYSE & by 43 in Nasdaq


VIX UP 1.58% @ 11.58


Oil @ $102.47


Gold @ $1244.00


AH ER KKD Down 10.21%


AH Futures Down


AH Asian Markets Mixed


AH Oil UP


AH Gold Down


About market, TAPE continues its melt up by making new highs in S&P 500 & Dow. China HSBC final PMI came in @ 49.4 vs flash estimate of 49.7, this is another number which may be the low point in Chinese economic scene. I am expecting this rally to broaden out as laggard may come into play.


BLOG does NOT give buy or sell.


Saleem

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