Indices closed down .17% to .38%.....

Indices closed down

S&P 500 @ 2879.84, low 2874.68, high 2888.57

RSI @ 56.77

CMF @ -0.50

Internals were :

Down volume led by 1.53 to 1 in NYSE & 1.05 to 1 in Nasdaq

Declining stocks led by 1.20 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 40 in NYSE & lows by 60 in Nasdaq

VIX Down .50% @ 15.91

Oil @ $51.14

Gold $1336.80

AH news....RH UP 25.56%, ACRS UP 11.83%

                 LULU UP 5.34%, SVRA Down 71.62%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed down for 2 day's in a row, negative action was quite mild which shows resilience of this market. Looks like this mini adjustment may be done for now. Hopefully concern about semiconductor growth this year and memory pricing has been discounted.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed