Indices closed mixed.....

Jobs report jitters kept market in check resulting in mixed close.


S&P 500 @ 1838.13, low 1830.38, high 1843.23


RSI @ 62.25


CMF @ 0.133


Internals were :


UP volume led by 1.01 to 1 in NYSE & .80 to 1 in Nasdaq


Advancing stocks led by 1.13 to 1 in NYSE & .96 to 1 in Nasdaq


Net new 52 wk highs were leading by 182 in NYSE & 188 in Nasdaq


VIX UP .16% @ 12.89


Oil @ $91.66


Gold @ $1229.40


AH ER AA Down 4.3%


AH Futures UP


AH Asian Markets Mixed


AH Oil & Gold UP


About market, it is all about jobs report, i am expecting positive reaction to jobs report, job growth up to 225 K will be taken as "moderate growth" which will keep Fed taper on slow track. Chinese December trade surplus came in @ $25.6 Billion vs expectations of $31.15 Billion. Exports were UP 4.3% vs expectations of 4.9%, Imports UP 8.3% vs expectations of 5.3%. Chinese numbers are tracking below expectations for a while, inflation is running lower than desired. All in all, this week TAPE & VIX action is telling me that all is well in this bull market.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed