19:57
Unknown
Indices closed mixed digesting gains of yesterday.
S&P 500 @ 1722.34, high 1729.86, low 1720.20
RSI @ 70.18
CMF @ 0.194
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 311 in in NYSE & 198 in Nasdaq
VIX Down 3.16% @ 13.16
Oil @ $106.39
Gold @ $1369.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was digesting yesterday's gains. I expect TAPE to continue to show its strength in near term. 1750 in S&P 500 is doable in this run. It is smart to continue booking gains & rotate into lower RSI stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1722.34, high 1729.86, low 1720.20
RSI @ 70.18
CMF @ 0.194
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 311 in in NYSE & 198 in Nasdaq
VIX Down 3.16% @ 13.16
Oil @ $106.39
Gold @ $1369.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was digesting yesterday's gains. I expect TAPE to continue to show its strength in near term. 1750 in S&P 500 is doable in this run. It is smart to continue booking gains & rotate into lower RSI stocks.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment