Monday, 28 August 2017

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2444.24, high 2449.12, low 2439.03

RSI @ 46.86

CMF @ -0.027

Internals were :

Down volume led by 1.58 to 1 in NYSE & .66 to 1 in Nasdaq

Declining stocks led by 1.14 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 35 in NYSE & 25 in Nasdaq

VIX UP .35% @ 11.32

Oil @ $46.57

Gold @ $1315.30

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed despite selling bouts, Nasdaq was the strongest. North Korea is in the news again by firing missile over Japan, this violates air space of Japan.a provocation against a nation which is vowed to peace. Futures slumped around 150 points. I think reaction will be contained by US open. These are not a game changing event, by close Tuesday, we should be close to neutral.

BLOG does NOT give buy or sell.

Saleem

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