Indices closed mixed......

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

Posted in: Mixed