Tuesday, 29 July 2014

Indices closed down ,05% to .45%.....

Indices reversed & closed @ low of the day.


S&P 500 @ 1969.95, high 1984.85


RSI @ 51.20


CMF @ 0.134


Internals were :


Down volume led by 2.04 to 1 in NYSE & .89 to 1 in Nasdaq


Declining stocks led by 1.52 to 1 in NYSE & .96 to 1 in Nasdaq


Net new 52 wk highs were leading by 50 in NYSE & 5 in Nasdaq


VIX UP 5.73% @ 13.28


Oil @ $100.97


Gold @ $1298.30


Stocks which closed green today included MU

YELP TWTR EXPE LNKD TSLA PCLN MRVL

LVS SINA DNKN EBAY FFIV INVN YNDX SNDK

BRCM AMCC GMCR SPLK SBUX DATA CSOD WLT

WYNN AGU


AH ER...BWLD Down 10.65%, TWTR UP 28.45%


AH Futures UP


AH Asian Markets UP


AH Oil Down


AH Gold UP


About market, TAPE was under "political sanction pressure plus Gaza fighting". TAPE started green & fought selling but in the end we closed @ low of the day. This negative action will propel this market higher once peace comes to Gaza & non-impact of sanctions are evident". We are building a nice base & making higher lows, so no real technical damage done so far.


BLOG does NOT give buy or sell.


Saleem

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