Indices closed UP .38% to .60%....NICE !!!!

Indices closed UP.

S&P 500 @ 2021.94, high 2022.92, low 1993.26

RSI @ 40.61

CMF @ -0.086

Internals were :

Down volume led by 1.48 to 1 in NYSE & 1.51 to 1 in Nasdaq

Declining stocks led by 2.87 to 1 in NYSE & 1.74 to 1 in Nasdaq

Net new 52 wk lows were leading by 656 in NYSE & by 285 in Nasdaq

VIX Down 6.81% @ 22.73

Oil @ $36.31

Gold @ $1063.40

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About markets, TAPE ended @ high of the day as oil reversed and Fed rate hike is imminent and getting close to fruition. Many sectors participated in this rally which is a very good sign for near term market movement. Internals were very weak which reflected oil slump related selling & may have flushed out most panic driven sellers.Stay with your exposure as next 72 hours may be very productive.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed