Indices closed down .20% to .58%......

Indices closed down.

S&P 500 @ 2352.95, low 2350.52, high 2378.38

RSI @ 48.24

CMF @ 0.046

Internals were :

Down volume led by 2.74 to 1 in NYSE & 2.09 to 1 in Nasdaq

Declining stocks led by 1.94 to 1 in NYSE & 2.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 21 in Nasdaq

VIX UP 9.33% @ 12.89

Oil @ $51.15

Gold @ $1248.50

Stocks which closed green included AMD
PI NTES QRVO AMZN CMG FB UA
V KGC MA SU YUM YELP SPWR
TRIP MLNX MCD AEM KORS
AAL.....

AH ER...YUMC UP 10.36%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was strong until release of fed minutes, which showed unwinding of $ 4.5 trillion in balance sheet, on top of that there were doubts about tax reform, those two news caused a major reversal in indices and closed near low of the day.Nasdaq made a new all time high intraday.There is a fear now, that indices will go below 50 DMA and may make lower lows, a technical weakness.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed