Indices closed mixed.....

Indices closed mixed despite fed statement.

S&P 500 @ 2125.85, low 2122.59, high 2134.72

RSI @ 57.79

CMF @ 0.062

Internals were :

UP volume led by 1.02 to 1 in NYSE & .90 to 1 in Nasdaq

Advancing stocks led by 1.10 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 78 in NYSE & 49 in Nasdaq

VIX UP .23% @ 12.88

Oil @ $58.98

Gold @ $1208.70

Stocks which were UP 1% or more included GPRO RAD
OTEX FEYE YHOO BIDU BABA MU LVS SINA
EXPE SU HIMX AMCC JCP WYNN....

AH ER....NTAP Down 8.12%, CRM UP 6.54%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was disappointing today, Fed statement was supportive of positive action but market did not, intraday S&P 500 made it to a new all time high. Keep an eye on Thursday's action as we may see more weakness, it is more important to preserve your profit than wait for more profit, a risky business. TAPE has the feel of being tired and may want to regroup before moving up.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed