19:43
Unknown
Indices closed mixed despite hotter than expected ADP data & Fed minutes.
S&P 500 @ 1837.49, high 1840.02, low 1831.40
RSI @ 61.98
CMF @ 0.083
Internals were :
Down volume led by 1.09 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.31 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 140 in NYSE & 163 in Nasdaq
VIX Down .39% @ 12.87
Oil @ $92.33
Gold $1225.50
AH News : BBBY Down 8.38%, M UP 5.52%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE struggled a bit on private payroll report which was stronger than expected which put fear of speedy taper. There is a fear that Friday's jobs report will be stronger than 190K consensus which has jumped today to 200K. I do not believe that jobs report will be super hot, my guess more or less in-line with expectations. In line jobs report may trigger a strong rally on Friday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1837.49, high 1840.02, low 1831.40
RSI @ 61.98
CMF @ 0.083
Internals were :
Down volume led by 1.09 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.31 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 140 in NYSE & 163 in Nasdaq
VIX Down .39% @ 12.87
Oil @ $92.33
Gold $1225.50
AH News : BBBY Down 8.38%, M UP 5.52%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE struggled a bit on private payroll report which was stronger than expected which put fear of speedy taper. There is a fear that Friday's jobs report will be stronger than 190K consensus which has jumped today to 200K. I do not believe that jobs report will be super hot, my guess more or less in-line with expectations. In line jobs report may trigger a strong rally on Friday.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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