Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2268.90, low 2265.27, high 2279.27

RSI @ 60.24

CMF @ -0.102

Internals were :

UP volume led by 1.49 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 1.77 to 1 in NYSE & 1.90 to 1 in Nasdaq

Net new 52 wk highs were leading by 88 in NYSE & 85 in Nasdaq

VIX Down .61% @ 11.49

Oil @ $50.82

Gold @ $1185.50

Stocks which were UP 1% or more included 
BIDU BAC FCX PI OCLR TECK
NEFF AKS NTES CMG VRX OLED
UA LVS WYNN LULU COH QRVO YHOO
FEYE WB BABA SPWR CTRP MLNX MGA 
AAL X CNX......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was mixed as oil was lower again, Nasdaq made another all time high and 4 straight day of gains.Internals were strong. CMF is negative in Dow, S&P 500 and Nasdaq again. This TAPE is extremely narrow as seen today. Definitely has a look of  overbought condition. RSI in Nasdaq is a reasonable 65.47 and lower on other main index. Booking profit has to to be a priority as mixed condition continues.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed