Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2839.13, high 2842.24, low 2830.59

RSI @ 83.93

CMF @ 0.449

Internals were :

UP volume led by 1.09 to 1 in NYSE & 2.12 to 1 in Nasdaq

Advancing stocks led by 1.63 to 1 in NYSE & 1.28 to 1 in Nasdaq

Net new 52 wk highs were leading by 265 in NYSE & 391 in Nasdaq

VIX UP .63% @ 11.10

Oil @ $64.47

Gold @ $1336.70

Stocks which were UP 1% or more included BIDU MARA MOMO
NVDA LRCX BABA BZUN NFLX AMD GE FB MU VRX GG
GOOG AMZN ABX KGC QRVO DNKN SU YUM FFIV PCLN
TWLO CHK FEYE LNG MGA DPW OSTK AEM SPLK IBM
KORS CELG NKE OPK X PANW

 In my portfolio ...Sold BIDU @ $256.95

AH news...UAL Down 6.62%, TXN Down 6.85%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE continued its momentum and made a new closing highs in Nasdaq & S&P 500, while Dow made an intraday high. I continued to trim my exposure today by selling BIDU, my exposure is only 17.15% currently and it may go down further based on RSI. New highs expanded further and CMF is near highest point in recent months. All in all a very healthy TAPE.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed