Wednesday, 7 September 2016

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2186.15, low 2179.07, high 2187.87

RSI @ 58.35

CMF @ 0.212

Internals were :

UP volume led by 1.58 to 1 in NYSE & 1.40 to 1 in Nasdaq

Advancing stocks led by 1.68 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new 52 wk highs were leading by 241 in NYSE & 196 in Nasdaq

VIX Down .67% @ 11.94

Oil @ $45.50

Gold @ $1349.20

Stocks which were UP 1% or more included CMG JCP VRX
UA KORS COH PANW FB EGO OLED LEN TK SWN
AAL SLW WYNN TRIP......

AH....PIR Down 9.37%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE ignored hawkish comment from 2 fed officials and closed near high of the day. Nasdaq scored a new all time high close, its 4 day straight gain. Internals were strong. Rotation is going on in this market on a weekly basis, which is a sign of a strong bull market. S&P 500 is next in line to new all time highs followed by Dow.

BLOG does NOT give buy or sell.

Saleem

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