Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2081.72, high 2083.67, low 2069.91

RSI @ 58.89

CMF @ 0.256

Internals were :

UP volume led by 1.27 to 1 in NYSE & .78 to 1 in Nasdaq

Advancing stocks led by 1.32 to 1 in NYSE & .96 to 1 in Nasdaq

Net new 52 wk lows were leading by 55 in NYSE & by 25 in Nasdaq

VIX Down 7.45% @ 15.29

Oil @ $44.21

Gold @ $1088.50

AH ER...WPRT Down 12.2%, ATML Down 3.59%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down 

AH Gold UP

About market, TAPE was under mild selling pressure again, but managed to erase most of its losses and managed to close green in S&P 500 & Dow. TAPE has been resting after big gain for last 5 trading days, it seems that selling has dried up and we are looking @ higher prices. Many stocks are bucking the trend and staying near all time highs, this is a very good sign of stability in leaders. Stay with strength and prune losers.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed