19:23
Unknown
Indices closed near high of the day.
S&P 500 @ 1973.63, low 1965.77, high 1976.93
RSI @ 55.82
CMF @ 0.237
Internals were :
Down volume led by 1.54 to 1 in NYSE & 1.08 to 1 in Nasdaq
Declining stocks led by 1.71 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 10 in Nasdaq
VIX UP 6.22% @ 12.81
Oil @ $104.59
Gold @ $1313.90
AH ER...NFLX UP .76%, CMG UP 10.06%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE should its true character by erasing most of the losses by close, many traders are too reactive to headlines issues. We should analyze IF the events are going to impact earnings in the short term & most events do not. TAPE may have discounted two of the current boiling points & is ready to show green by Tuesday. Earnings are the big driver again for another move to new all time highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1973.63, low 1965.77, high 1976.93
RSI @ 55.82
CMF @ 0.237
Internals were :
Down volume led by 1.54 to 1 in NYSE & 1.08 to 1 in Nasdaq
Declining stocks led by 1.71 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 10 in Nasdaq
VIX UP 6.22% @ 12.81
Oil @ $104.59
Gold @ $1313.90
AH ER...NFLX UP .76%, CMG UP 10.06%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE should its true character by erasing most of the losses by close, many traders are too reactive to headlines issues. We should analyze IF the events are going to impact earnings in the short term & most events do not. TAPE may have discounted two of the current boiling points & is ready to show green by Tuesday. Earnings are the big driver again for another move to new all time highs.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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