Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2437.92, low 2428.34, high 2443.75

RSI @ 64.59

CMF @ 0.274

Internals were :

Down volume led by 1.75 to 1 in NYSE & 1.46 to 1 in Nasdaq

Declining stocks led by 1.12 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 137 in NYSE & 57 in Nasdaq

VIX UP 2.11% @ 10.64

Oil @ $44.73

Gold @ $1275.90

AH ER ...JBL UP 3.33%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed but it was Dow which not only closed green but closed @ new all time high. Nasdaq is faltering badly which is a major concern @ this stage. Oil slumping badly is not helping either. Internals were weak. SOX remains the weakest link, many semiconductor stocks are trending lower in a hurry, AAPL weakness is a big drag for SOX, which are suppliers to AAPL. All in all technology is a very big question mark and does not look healthy.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed