Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 1989.57, high 2005.08, low 1969.25

RSI @ 59.61

CMF @ 0.337

Internals were :

Down volume led by .98 to 1 in NYSE & 1.60 to 1 in Nasdaq

Declining stocks led by 1.33 to 1 in NYSE & 1.85 to 1 in Nasdaq

Net new 52 wk highs were leading by 132 in NYSE & lows by 17

VIX Down 1.58% @ 18.05

Oil @ $37.84

Gold @ $1272.80

AH ER...FNSR UP 7.76%, ULTA UP 12.52%
               ZUMZ Down 7.91%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was UP then Down and then closed mixed on ECB decision. Market is dictated solely by oil prices which seems to be headed much higher, good for the direction of this market. It is important to be exposed to emerging sectors like oil & gold which has shown an unbelievable resiliency lately. I feel, market is headed higher as any pullback is met by strategic buyers. Stay bullish until trend changes which could be a while.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed