Indices closed mixed.......

Indices closed mixed.

S&P 500 @ 2090.10, low 2087.08, high 2094.30

RSI @ 59.01

CMF @ 0.075

Internals were :

Down volume led by 1.29 to 1 in NYSE & .90 to 1 in Nasdaq

Declining stocks led by .93 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 36 in Nasdaq

VIX Down 3.38% @ 13.43

Oil @ $49.48

Gold @ $1220.40

AH ER...SPLK Down 6.75%, PANW Down 9.91%
               ULTA UP 8.33%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE traded in an extremely narrow range which i have ever observed, range was only 7 points in S&P 500, so it was a no nothing session in low volume. GDP revision is on tap for 830 AM excitement, could be another narrow session for upcoming memorial day long weekend.Oil went through $50 but retraced by 52 cents. VIX getting near lower end of trading range, which may put resistance for equities.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed