Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2464.61, low 2461.61, high 2468.90

RSI @ 52.22

CMF @ 0.168

Internals were :

Down volume led by 1.51 to 1 in NYSE & 1.17 to 1 in Nasdaq

Declining stocks led by 1.76 to 1 in NYSE & 2.05 to 1 in Nasdaq

Net new 52 wk lows were leading by 70 in NYSE & 41 in Nasdaq

VIX Down 2.35% @ 12.04

Oil @ $47.55

Gold @ $1279.70

AH news ....URBN UP 20.81%, MELI UP 11.41%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was flattish most of the day and closed mixed, internals were very weak, after a long time negative reading in most critical internal. Some stocks continues to outperform like BABA, AAPL,SPWR, JKS, FSLR & FB to name a few. Selectivity is becoming very important in stock selection. Wednesday should be positive after today's rest.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed