Indices closed lower.
S&P 500 @ 2102.15, low 2098.63, high 2116.87
RSI @ 50.61
CMF @ -0.034
Internals were :
Down volume led by 2.59 to 1 in NYSE & 1.41 to 1 in Nasdaq
Declining stocks led by 2.17 to 1 in NYSE & 2.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 227 in NYSE & 60 in Nasdaq
VIX UP 4.29% @ 12.64
Oil @ $48.45
Gold @ $1094.10
AH ER :
Positive ..V UP 5.09%, JNPR UP 10.53%, MKTO UP 13.99%
AMZN UP 17.25%
Negative .PMCS Down 9.07%, TRIP Down 9.07%,
TRUE Down 33.05%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was weak again, Dow is below 50 & 200 DMA, while S&P 500 is below 50 DMA, Nasdaq remains well above 50 & 200 DMA. Tonight earning reports are stellar, this should give Nasdaq a big boost on Friday. This is extremely selective market, few stocks are going UP, while majority are getting weaker or getting stuck in a very narrow range. Important to have heavy weighting of strong stocks and peel weak ones.
BLOG does NOT give buy or sell.
Saleem
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