Wednesday 12 October 2016

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2139.17, high 2145.36, low 2132.77

RSI @ 44.18

CMF @ 0.011

Internals were :

UP volume led by 1.17 to 1 in NYSE & .70 to 1 in Nasdaq

Advancing stocks led by 1.10 to 1 in NYSE & .92 to 1 in Nasdaq

Net new 52 wk highs were leading by 8 in NYSE & lows by 25 in Nasdaq

VIX UP 3.58% @ 15.91

Oil @ $50.18

Gold @ $1253.80

Stocks which were UP 1% or more included AMD
TCK NTES KORS ABX UA KGC CSIQ 
SINA SWN WB SLW AEM FCX.....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE closed near low of the day on lower oil & Fed minutes, minutes are telling some, that a rate hike is all set for December, thus a pullback by end of the day. There is lot of trading left between now & December hike, IF it comes.Nasdaq was weak today, as its internals were mostly negative. Stay with a game plan which works for you.

BLOG does NOT give buy or sell.

Saleem

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