Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2164.20, low 2156.08, high 2171.36

RSI @ 59.32

CMF @ -0.009

Internals were :

UP volume led by 2.00 to 1 in NYSE & 1.59 to 1 in Nasdaq

Advancing stocks led by 1.10 to 1 in NYSE & 1.44 to 1 in Nasdaq

Net new 52 wk highs were leading by 11 in NYSE & 404 in Nasdaq

VIX UP 2.19% @ 14.48

Oil @ $43.3

Gold @ $1221.70

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE continues its pattern to reflect upcoming beneficiaries and negatively impacted sectors, this is a new trend which may take time to sort itself out. Dow continues its leadership in its making series of new all time highs. Dow RSI is @ overbought 72.66, Nasdaq RSI @ 51.08 and is below 50 DMA. I keep adjusting my portfolio to reflect current strength and trying to eliminate weaker sectors, this has endless supply and daily occurrence. We need to have core belief in good stocks irrespective of their current weakness, its an emotional selling, which is going in overdrive. Patience & conviction is being tested like so many other times.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed