Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2469.91, low 2466.32, high 2473.10

RSI @ 64.47

CMF @ 0.140

Internals were :

Down volume led by 1.63 to 1 in NYSE & .76 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & .85 to 1 in Nasdaq

Net new 52 wk highs were leading by 132 in NYSE & 48 in Nasdaq

VIX UP .75% @ 9.43...new 52 wk low of 9.26 touched today

Oil @ $46.34

Gold @ $1254.30

Stocks which were UP 1% or more included
AAPL BIDU MOMO OCLR SWIR WB
TSLA NTES FNSR AMZN TECK JKS SINA
TK FEYE LNG SPWR CIEN WYNN DATA CSOD 
SHOP CNX......

AH news...GOOG Down 2.99%, SANM Down 9.89%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was mixed but Nasdaq was strong and made a new all time high. Internals were mixed also. GOOG earnings was a beat in Sales & EPS, but negative reaction was due to Traffic Acquisition Cost which was UP 27%. AMD is on tap for Tuesday. Nasdaq has a good chance of making series of new highs, as we go along, in this earnings season, in these few important weeks.Buy what you know well in terms of fundamentals and technicals.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed