Wednesday, 15 July 2015

Indices closed down ,02% to .12%....

Indices closed slightly lower.

S&P 500 @ 2107.40, low 2102.49, high 2114.14

RSI @ 56.21

CMF @ -0.106

Internals were :

Down volume led by 1.90 to 1 in NYSE & 1.38 to 1 in Nasdaq

Declining stocks led by 1.50 to 1 in NYSE & 1.89 to 1 in Nasdaq

Net new 52 wk highs were leading by 4 in NYSE & 65 in Nasdaq

VIX Down 1.05% @ 13.23

Oil @ $51.41

Gold @ $1147.40

AH ER ..INTC UP 1.38%, NFLX UP 10%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE had to face many issues, Chinese GDP which came in way better than expected and caused "credibility of numbers ", Greece votes in parliament with protest in focus, finally Greece parliament has accepted EU debt deal. Janet Yellen is "too optimistic about US economy". Canada is struggling with recession and China in serious slowdown. traders decided to take a "wait and see attitude". I think we resume our UP move on Thursday.

BLOG does NOT give buy or sell.

Saleem

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