Tuesday, 11 July 2017

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2425.53, low 2412.79, high 2429.30

RSI @ 50.31

CMF @ 0.084

Internals were :

UP volume led by 1.24 to 1 in NYSE & 2.15 to 1 in Nasdaq

Advancing stocks led by 1.10 to 1 in NYSE & 1.10 to 1 in Nasdaq 
( not a typo )

Net new 52 wk highs were leading by 43 in NYSE & 0 in Nasdaq

VIX Down 1.98% @ 10.89

Oil @ $45.04

Gold @ $1214.70

Stocks which were UP 1% or more included     FB TWTR
NFLX TSLA CTRP NTES QRVO NVDA BABA CNQ
TECK MA JKS SINA SU CHK YELP SPWR MLNX
DATA CSOD MGA SPLK X LRCX CNX.....

AH news ....KLIC Down 5.12%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was jolted down by release of emails concerning Russian link to Jr, indices recovered nicely by erasing most of the damage. S&P 500 was the only minor loser.Leading technology stocks were winners again. Internals improved. Technology seems to be back in favor. Many semiconductor stocks are near lows, attractive entry point.

BLOG does NOT give buy or sell.

Saleem

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