Wednesday, 21 June 2017

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2435.64, low 2430.74, high 2442.23

RSI @ 57.64

CMF @ 0.376

Internals were :

Down volume led by 2.17 to 1 in NYSE & .37 to 1 in Nasdaq

Declining stocks led by 1.76 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk low were leading by 34 in NYSE & highs by 28 in Nasdaq

VIX Down 1.01% @ 10.75

Oil @ $42.53

Gold @ $1245.80

Stocks which were UP 2% or more included MOMO TWTR WB
VRX KGC GG NTES MU BABA AMD TECK JKS CSIQ
FSLR SPWR SINA DATA SHOP CRUS NKE OPK....

AH ER....ORCL UP 10.30%, CCJ UP 4.63%

AH Futures Down 

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under pressure due 10 months low price of oil, Nasdaq bucked the trend with impressive strong close.Internals were weak. Nasdaq leadership today is a very good sign of future TAPE.Oil has been a major negative for equities, IF it turns, then we may see a very strong rebound.

BLOG does NOT give buy or sell.

Saleem

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