Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2639.44, low 2639.03, high 2665.19

RSI @ 71.25

CMF @ 0.230

Internals were :

UP volume led by 1.45 to 1 in NYSE & .69 to 1 in Nasdaq

Advancing stocks led by 1.04 to 1 in NYSE & .79 to 1 in Nasdaq

Net new 52 wk highs were leading by 272 in NYSE & 255 in Nasdaq

VIX UP 2.19% @ 11.68

Oil @ $57.47

Gold @ 1277.70

AH news....ASNA Down 19.92%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong right out of the gate to celebrate passage of senate tax reform bill, Dow & S&P 500 went to a new all time high. Nasdaq was the big loser as money keeps flowing out of technology into financials & retail. By close all indices were @ low of the day, internals were mixed. I do not believe that this is a major change in direction but reshuffling of portfolios, which has played out already. Nasdaq should be back on winning track as of Tuesday close.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed