Thursday 28 May 2015

Indices closed down .13% to .17%.....

Indices closed down.

S&P 500 @ 2120.79, low 2112.86, high 2122.27

RSI @ 53.88

CMF @ 0.051

Internals were :

Down volume led by 1.60 to 1 in NYSE & 1.17 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk highs were leading by 5 in NYSE & 42 in Nasdaq

VIX UP .30% @ 13.31

Oil @ $57.68

Gold @ $1188.10

AH ER ...AVGO Down .52%, SPLK Down 2.91%
                ULTA UP 2.39%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE rested today and closed near high of the day, which is a good thing. Internals were half decent.US$, Greece & interest rates are flip flopping daily, based on action and Guru talk. Market trades on sentiments of above mentioned 3 things. Based on recent trend, there is a good chance we may close higher on Friday. Stay the course, get used to this TAPE, its not changing any time soon.

BLOG does NOT give buy or sell.

Saleem

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