Indices closed mixed.....

Indices closed mostly flat as above average GDP of 3.9% was offset by consumer confidence ticking lower.


S&P 500 @ 2067.03, low 2064.75, high 2074.21


RSI @ 72.98


CMF @ 0.457


Internals were :


Down volume led by 1.09 to 1 in NYSE & .97 to 1 in Nasdaq


Declining stocks led by .85 to 1 in NYSE & 1.03 to 1 in Nasdaq


Net new 52 wk highs were leading by 164 in NYSE & 86 in Nasdaq


VIX Down 2.93% @ 12.25


Oil @ $74.09


Gold @ $1197.10


Stocks which were UP 1% or more included AKS EGO LULU

TSL QIHU GG OTEX YY LNKD PCLN KORS OWW

FB MA V HIMX FNSR PANW GMCR X STLD

ABX SLW AEM CCJ MGA.....


AH ER...ADI UP 1.99%, HPQ Down .74%


AH Futures UP


AH Asian Markets Mixed


AH Oil Down


AH Gold UP


About market, TAPE is giving a lot to be thankful about this market, it keeps going UP & UP for years. Indices were flat for the day to digest gains for weeks, that is all it does before marching UP again. Having a diversified portfolio has been a blessing in this TAPE. Stay engaged with this TAPE as it has its own unique momentum which cannot be defined by technicals, many have tried to go against this freight train and have failed miserably for last 5 straight years.


BLOG does NOT give buy or sell.


There will be closing BLOG for Wednesday & Friday, no BLOG on Thursday.


Those on holidays, have a very enjoyable thanksgiving with family & friends.


Saleem

Posted in: Mixed