Indices closed mixed.
S&P 500 @ 2460.61, high 2460.92, low 2450.34
RSI @ 62.88
CMF @ -0.035
Internals were :
Down volume led by 1.57 to 1 in NYSE & .84 to 1 in Nasdaq
Declining stocks led by 1.10 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 104 in NYSE & 75 in Nasdaq
VIX UP .71% @ 9.89
Oil @ $46.40
Gold @ $1241.90
AH news...IBM Down 2.79%, UAL Down 3.55%
CSX Down 4.17%, VRTX UP 25.61%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed mixed but Nasdaq and S&P 500 closed @ new all time high. Indices closed @ high of the day. Internals were weak.Many sectors are acting strong and making new highs. Stock selection is critical these days, buy the strength. Show conviction & patience with your high comfort level stocks.
BLOG does NOT give buy or sell.
Saleem
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