Indices closed UP .01% to .08%....NICE !!!!

Indices closed UP.

S&P 500 @ 2364.87, high 2369.08, low 2354.54

RSI @ 60.76

CMF @ 0.383

Internals were :

Down volume led by 1.51 to 1 in NYSE & .91 to 1 in Nasdaq

Declining stocks led by 2.40 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk lows were leading by 74 in NYSE & highs by 11 in Nasdaq

VIX UP 3.71% @ 12.30

Oil @ $49.28

Gold @ $1203.20

AH ER...FNSR Down 16.48%, ZUMZ Down 14.29%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE faced jobs report and interest rates jitters all week, indices managed to close in green. Jobs report can be " buy the news ". Interest rate going UP next Wednesday by .25% is a reflection of US economy doing better. This mild weakness in TAPE was much needed to digest all the gains and reduce euphoria.Currently, we have " lot of negativity about the direction of this market".....it is a very good "contrary indicator "....means next move is higher. On Friday's there is a closing BLOG only around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed