Indices closed mixed but fought back to closed @ high of the day.
S&P 500 @ 1950.79, low 1944.64, high 1950.86
RSI @ 73.36
CMF @ 0.439
Internals were :
Down volume led by 1.07 to 1 in NYSE & .78 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & 68 in Nasdaq
VIX Down 1.43% @ 10.99
Oil @ $104.35
Gold @ $1260.10
AH ER : ULTA UP 10.17%, SYNA UP 18.04%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE remained resilient & closing @ high of the day is extremely impressive. Internals did weaken substantially. It is all set to make another all time high in S&P 500 while Dow made it today already. This TAPE is very impressive to deserve long term conviction.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1950.79, low 1944.64, high 1950.86
RSI @ 73.36
CMF @ 0.439
Internals were :
Down volume led by 1.07 to 1 in NYSE & .78 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & 68 in Nasdaq
VIX Down 1.43% @ 10.99
Oil @ $104.35
Gold @ $1260.10
AH ER : ULTA UP 10.17%, SYNA UP 18.04%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE remained resilient & closing @ high of the day is extremely impressive. Internals did weaken substantially. It is all set to make another all time high in S&P 500 while Dow made it today already. This TAPE is very impressive to deserve long term conviction.
BLOG does NOT give buy or sell.
Saleem
18:56
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