Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 1939.38, low 1920.30, high 1947.20

RSI @ 49.20

CMF @ 0.051

Internals were :

Down volume led by 1.24 to 1 in NYSE & .89 to 1 in Nasdaq

Declining stocks led by 1.04 to 1 in NYSE & 1.001 to 1 in Nasdaq

Net new 52 wk highs were leading by 53 in NYSE & lows by 84 in Nasdaq

VIX Down 1.09% @ 19.98

Oil @ $31.62

Gold @ $1128.00

AH ER...GOOG UP 5.19%, IDTI Down 14.74%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE fought back poor worldwide manufacturing data and low low oil prices and came near unchanged level, that is a victory for those hoping for an oil delink. Oil slump today was unsettling to say the least, oil stocks closed @ upper end of their range. Carter Worth is cautioning again for an imminent weakness in indices, sometimes it is important to factor his analysis for short term strategy.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed