Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2268.90, low 2268.90, high 2275.49

RSI @ 60.24

CMF @ -0.023

Internals were :

Down volume led by 2.64 to 1 in NYSE & .61 to 1 in Nasdaq

Declining stocks led by 1.77 to 1 in NYSE & 1.44 to 1 in Nasdaq

Net new 52 wk highs were leading by 60 in NYSE & 60 in Nasdaq   ( not a typo )

VIX UP 2.12% @ 11.56

Oil @ $51.96

Gold @ $1184.90

AH News ....CUDA UP 7.91%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was mixed with Nasdaq @ new all time high, Dow & S&P 500 closed @ absolute low of the day. CMF is negative in Dow, S&P 500 and Nasdaq, not a good sign. Internals were weak. Oil being @ $51 area is a surprise with all the agreements in place. Gold keeps chugging along, no matter what US$ does.Solid earnings may take indices of this funk. In the meantime, make sure that you have very high comfort level with your portfolio.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed