Thursday, 4 August 2016

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2164.25, high 2168.19, low 2159.07

RSI @ 58.54

CMF @ 0.313

Internals were :

UP volume led by 1.24 to 1 in NYSE & 1.45 to 1 in Nasdaq

Advancing stocks led by 1.31 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 158 in NYSE & by 64 in Nasdaq

VIX Down 3.42% @ 12.42

Oil @ $41.93

Gold @ $1367.40

Stocks which were UP 1% or more included TSLA CTRP PANW
FB EGO KGC TWTR NXPI CTSH YHOO SINA DNKN TK
RIG WB LNG BABA MU LRCX CRUS.....

AH ER...OLED Down 7.83%, SWIR Down 15.26%
              FEYE Down 16.84%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE reacted to BOE cut in rates and also higher oil for 2 days in a row. Indices are trying to fight off any negativity, but are falling short. It is all about jobs report, it will be another lackluster report which will keep fed from raising rates. Hopefully we will have a higher market for Friday as oil is looking firm. Friday's there is a closing BLOG around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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