Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2271.89, high 2272.01, low 2263.35

RSI @ 59.05

CMF @ 0.148

Internals were :

UP volume led by 1.07 to 1 in NYSE & 1.61 to 1 in Nasdaq

Advancing stocks led by 1.15 to 1 in NYSE & 1.28 to 1 in Nasdaq

Net new 52 wk highs were leading by 73 in NYSE & 51 in Nasdaq

VIX UP 5.14% @ 12.48

Oil @ $51.08

Gold @ $1212.10

AH news...OCLR UP 8.24%, NFLX UP 8.06%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was weak @ open but managed to close near high of the day, internals improved and CMF is positive in all major indices, after being negative for a week. Sector rotation is happening on a daily basis, what is strong today, gets weak in 48 hours. Stay with high conviction stocks as they do surprise in a positive manner. Financials did well today.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed