Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2050.44, low 2045.90, high 2066.69

RSI @ 49.43

CMF @ 0.045

Internals were :

Down volume led by 1.56 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 1.66 to 1 in NYSE & 1.18 to 1 in Nasdaq

Net new 52 wk lows were leading by 95 in NYSE & by 101 in Nasdaq

VIX UP 3.74% @ 18.84

Oil @ $40.67

Gold @ $1068.60

AH ER....VIPS UP 2.63%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was higher until news of security issues came from Germany, market did not closed down on jittery news which is very encouraging. Staying engaged in strong stocks are a much better bet than buying laggards, i tend to have a mix of both but with lot of due diligence. Until Fed decision on interest rate increase, this TAPE will remain in a see saw mode. Diversified approach in many sectors may have a balancing effect on portfolio.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed