Thursday, 26 January 2017

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2296.68, low 2294.08, high 2300.99

RSI @ 65.55

CMF @ 0.173

Internals were :

Down volume led by 1.50 to 1 in NYSE & 1.11 to 1 in Nasdaq

Declining stocks led by 1.09 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new 52 wk highs were leading by 269 in NYSE & 192 in Nasdaq

VIX Down 1.67% @ 10.63

Oil @ $53.78

Gold @ $1189.80

In my portfolio....bought TECK @ $25.45

AH ER....JNPR Down 7.9%, SBUX Down 7.2%
                WYNN UP 7.64%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE made a new intraday all time high in S&P 500 & Nasdaq, Dow closed @ new all time high. Mexico gave its reply to Border wall by cancelling its President's trip to DC. Internals were weak. Profit taking was done today @ this lofty level. Ensure your portfolio is not vulnerable to profit taking. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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