Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2979.63, high 2981.90, low 2963.44

RSI @ 65.02

CMF @ 0.032

Internals were :

UP volume led by 1.16 to 1 in NYSE & 1.36 to 1 in Nasdaq

Advancing stocks led by 1.02 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 125 in NYSE & 31 in Nasdaq

VIX UP .93% @ 14.09

Oil @ $57.83

Gold @ $1400.50

Stocks which were UP 2% or more included AMD CIEN SQ TWTR
LYFT UBER HUYA MU FEYE CRON PRNB OLED PANW TK
OSTK SU....

AH news....LEVI Down 7.23%, DLTR Down 3.67%

                   CNQ UP 5.03%, HLIT UP 12.04%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE opened weak but by late afternoon erased losses in S&P 500 and Nasdaq was in green most of the day, DOW closed down slightly. Indices closed near high of the day which shows built in strength of this market, finds strength and buyers on any weakness. Fed chief testimony tomorrow will be positive for equities. Fed minutes will confirm lower Fed Funds rates in near future.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed