Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3191.14, low 3191.14, high 3198.48

RSI @ 70.68

CMF @ 0.160

Internals were :

UP volume led by 1.55 to 1 in NYSE & 1.43 to 1 in Nasdaq

Advancing stocks led by 1.55 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 305 in NYSE & 178 in Nasdaq

VIX UP 2.36% @ 12.58

Oil @ $60.93

Gold @ $1478.70

Stocks which were UP 1% or more included TWTR
BYND WB BIDU FB TSLA NEM AEM UBER
SHOP FEYE NIU SPLK VICR CTRP TK
WYNN LVS TRIP SINA SWKS M CNX

AH news...MU UP 4.64%, BMY UP 9.81%

                  STZ UP 10.13%......

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

MU earnings was a beat in Sales and EPS, guidance was slightly below consensus due to UPOD. Conference call was extremely upbeat. Expect many upgrades and hike in target price.

About market, TAPE closed @ low of the day based on overbought condition. Political drama in USA played a role in today's lackluster session.Internals remained positive. Thursday could be a rally day IF votes in Senate held during business hours.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed