Indices closed UP .01% to .07%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2357.16, high 2366.37, low 2351.50

RSI @ 50.66

CMF @ -0.041

Internals were :

UP volume led by 1.81 to 1 in NYSE & 1.20 to 1 in Nasdaq

Advancing stocks led by 2.09 to 1 in NYSE & .94 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 30 in Nasdaq

VIX UP 9.17% @ 14.05

Oil @ $53.08

Gold @ $1253.90

Stocks which were UP 1% or more included BIDU CY TECK
CNQ BABA OLED FCX GG ABX AEM AMZN LULU
JKS CSIQ FSLR SPWR LEN TSLA EXPE SU VRX
TK RIG LNG WB KBH CMG AAL M.....

AH News...TER UP 16.47%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE tried to stage a rally, but lost most of its gains by close. S&P 500 and Dow are sitting near 50 DMA, any negative action can take both indices below 50 DMA. CMF is negative in S&P 500 and Dow, another negative sign. How we close is a good sign of internal health of any market, we are not looking good.VIX closing above 14 after a long time is another confirmation of negativity, SOX did not behave well either. that all is not well. Keep an eye how we close from hereon and take necessary action.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed