Indices closed down .18% to .26%.......

Indices closed down.

S&P 500 @ 2176.12, low 2170.41, high 2182.27

RSI @ 53.11

CMF @ 0.152

Internals were :

UP volume led by .84 to 1 in NYSE & 1.06 to 1 in Nasdaq

Advancing stocks led by .96 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 169 in NYSE & 123 in Nasdaq

VIX UP 1.39% @ 13.12

Oil @ $46.35

Gold @ $1316.50

AH ER...PANW Down 5.21%, VEEV UP 5.21%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE struggled with US$ being strong & oil being lower. Market fought its way to reasonable close, even internals were much better. Every stat is being viewed as confirmation of hike in interest rate. Weakness to be viewed as buying opportunity, hike in interest rate is coming & market will find its footing once its discounted.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed