Indices closed UP .17% to .20%...NICE !!!!

Indices closed UP.

S&P 500 @ 2100.44, high 2106.79, low 2088.86

RSI @ 49.35

CMF @ -0.098

Internals were :

UP volume led by 1.52 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 1.11 to 1 in NYSE & .89 to 1 in Nasdaq

Net new 52 wk highs were leading by 13 in NYSE & 105 in Nasdaq

VIX Down 2.09% @ 14.50

Oil @ $59.92

Gold @ $1176.80

AH ER...JBL Down 7.81%, ORCL Down 6.64%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down 

AH Gold UP

About market, TAPE closed UP 2 days in a row, this is technically a good sign, but the close was not very convincing. Internals improved somewhat, but there is still weak areas like AD line. Fed statement and Q & A may need to be digested, Fed is hinting a rate hike sometimes in 2015. A diversified portfolio is the best answer to uncertain environment. Greece may provide a breakout as they are working hard to convince EU, IMF & ECB to understand pension impact on their citizens.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed