Indices closed down .02% to .29%.....

Indices closed down.

S&P 500 @ 2099.93, low 2090.41, high 2108.78

RSI @ 66.06

CMF @ 0.203

Internals were :

Down volume led by 1.21 to 1 in NYSE & 1.61 to 1 in Nasdaq

Declining stocks led by 1.05 to 1 in NYSE & 1.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 28 in NYSE & by 18 in Nasdaq

VIX Down 2.97% @ 15.05

Oil @ $45.20

Gold @ $1104.20

AH ER....TRIP Down 8.34%, SWIR Down 18.3%
                  NVDA UP 9.85%, QRVO UP 13.8%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was resilient again and barely moved lower. It is all about jobs report, consensus is anywhere from 180K to 185K. Market is positioned to move higher after jobs report comes out, TAPE has its own momentum, generally any one news does not get in its way, expect a positive close on Friday. This TAPE wants to to make a new all time high despite many pundits who seems to be scrambling to put their own thesis forward, it changes day by day and hour by hour, not a reliable investment approach.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed