18:31
Unknown
Indices closed near high of the day.
S&P 500 @ 2099.50, high 2106.85, low 2061.23
RSI @ 55.96
CMF @ 0.181
Internals were :
UP volume led by 5.41 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 4.62 to 1 in NYSE & 1.48 to 1 in nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 115 in Nasdaq
VIX Down 10.79% @ 13.97
Oil @ $44.66
Gold @ $1151.30
AH ER ..SLW Down 1.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed gave all the reasons for TAPE to be strong, downgrading US economy brought US$ down and gave boost to other currencies and commodities. Fed also prepared the market for interest rate hike beginning in June or thereafter. Nasdaq was a bit of a laggard as it was strong in previous two days. Expect TAPE to continue its move into series of new record high close all over. Russell made it into new all time high already today.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.50, high 2106.85, low 2061.23
RSI @ 55.96
CMF @ 0.181
Internals were :
UP volume led by 5.41 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 4.62 to 1 in NYSE & 1.48 to 1 in nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 115 in Nasdaq
VIX Down 10.79% @ 13.97
Oil @ $44.66
Gold @ $1151.30
AH ER ..SLW Down 1.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed gave all the reasons for TAPE to be strong, downgrading US economy brought US$ down and gave boost to other currencies and commodities. Fed also prepared the market for interest rate hike beginning in June or thereafter. Nasdaq was a bit of a laggard as it was strong in previous two days. Expect TAPE to continue its move into series of new record high close all over. Russell made it into new all time high already today.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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