Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2428.37, high 2430.58, low 2417.35

RSI @ 38.63

CMF @ 0.007

Internals were :

Down volume led by 1.12 to 1 in NYSE & 1.43 to 1 in Nasdaq

Declining stocks led by 1.01 to 1 in NYSE & 1.30 to 1 in Nasdaq

Net new 52 wk lows were leading by 122 in NYSE & 95 in Nasdaq

VIX Down 7.50% @ 13.19

Oil @ $47.37

Gold @ $1296.70

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE went to new lows before turning higher than previous close, this is a very encouraging pattern from technical point of view. Many high beta  technology stocks have taken rest and have pulled back to find support. Solar was the wild card today, thanks to solar eclipse, which shut down solar panels, First Solar gave some explanation, but left many confused. Hopefully, we have seen and tested the lows for now.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed