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.
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