Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 3385.49, low 3384.45, high 3428.72

RSI @ 49.58

CMF @ 0.063

Internals were :

UP volume led by 2.48 to 1 in NYSE & 1.63 to 1 in Nasdaq

Advancing stocks led by 1.70 to 1 in NYSE & 1.51 to 1 in Nasdaq

Net new 52 wk highs were leading by 115 in NYSE & 70 in Nasdaq

VIX UP 1.76% @ 26.04

Oil @ $40.16

Gold @ $1970.50

Canadian $ @ .6832

Portfolio AAL APA CCL AG FCX MGM RXT SU

Stocks which were UP 2% or more included AAL APA CCL FCX SU

MU DKNG CNQ CNX TOL DAL ESTC KBH NVAX KRA MRNA

DHI PAM BA IQ RUN UAL OXY SLB LNG X.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was green from open on FDX earnings and optimism about Fed policy statement. Initially Fed statement was greeted with jubilation but by close all enthusiasm evaporated, we closed @ low of the day.I will not read too much into HFT selling as internals remained positive. Minor shift in Fed policy was noted by me as QE is on hold as economy is doing what was expected by Fed. More clarity was given about direction of low low interest rates till 2024.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed