Thursday, 16 February 2017

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2347.22, low 2338.87, high 2351.31

RSI @ 76.47

CMF @ 0.371

Internals were :

Down volume led by 1.72 to 1 in NYSE & 1.26 to 1 in Nasdaq

Declining stocks led by 1.33 to 1 in NYSE & 1.30 to 1 in Nasdaq

Net new 52 wk highs were leading by 189 in NYSE & 215 in Nasdaq

Oil @ $53.36

Gold @ $1241.60

AH ER...PI Down 2.43%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under mild selling pressure due to overbought condition. Indices closed near high of the day which is a sign of buying near lows. Internals were weak and many stocks were down. This was a mild digestive phase of gains, which is a good thing. Stay diversified as there is more upside left. There is a closing BLOG only on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem




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