Indices closed down .17% to .26%.....

Indices closed near best level of the day.


S&P 500 @ 1996.74, low 1990.52, high 1998.55


RSI @ 64.00


CMF @ 0.227...best level in 4 weeks


Internals were :


Down volume led by 1.72 to 1 in NYSE & 1.17 to 1 in Nasdaq


Declining stocks led by 1.38 to 1 in NYSE & 1.88 to 1 in Nasdaq


Net new 52 wk highs were leading by 110 in NYSE & 12 in Nasdaq


VIX UP 2.29% @ 12.05


Oil @ $94.55


Gold @ $1288.70


AH ER...OVTI UP 2.24%, SPLK UP 8.94%


AH Futures UP


AH Asian Markets Mixed


AH Oil UP


AH Gold Down


About market, TAPE showed its resiliency by almost erasing all the down moves. Whenever there is selling for any reason, there are buyers waiting to jump in & locking bargains. It is important to know your stocks well & its relative position in their industry. Evaluate your risk level all the time, some high beta stocks are extremely volatile & may not go far in real terms. Buy what you know is always a good idea. Keep in mind, we are still in slow volume environment, price movement may be subdued.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed