Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2082.78, high 2087.84, low 2078.13

RSI @ 64.27

CMF @ 0.161

Internals were :

Down volume led by 1.21 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by 1.24 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 99 in NYSE & 42 in Nasdaq

VIX down .87% @ 13.72

Oil @ $41.50

Gold @ $1226.50

AH action...RLYP Down 13.95%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE made a higher highs before closing mixed. Internals were weaker than indices. Oil was down slightly but Gold took a big hit. Market remains in an upward mode and may need to rest for few more days before charging UP to new all time highs in Dow & S&P 500. Stock picks need to reflect current favourite stocks. There is a closing BLOG only on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed