17:34
Unknown
S&P 500 @ 2049.80, low 2040.57, high 2056.60
RSI @ 68.78
CMF @ 0.400
Internals were :
Down volume led by 1.47 to 1 in NYSE & .82 to 1 in Nasdaq
Declining stocks led by 1.15 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 16 in Nasdaq
VIX UP 2.76% @ 14.17
Oil @ $41.45
Gold @ $1248.60
Stocks which were UP 1% or more included CMG QRVO
CNQ PANW SPLK AMZN SINA FFIV AMCC CIEN
AMBA SWIR VRX ZG WYNN MLNX....
AH ER...NKE Down 6.01%, FIVE 4.78%
RHT Down 3.78%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing mixed, Nasdaq closed UP. There is tremendous buying @ every dip which improves the tone of market by close. We should close positive due to non reaction to Belgium situation on Wednesday. TAPE is giving a clear message, it wants to go higher and there is very little profit taking. Stay the course, this market is as steady as it comes.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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