Monday 28 March 2016

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2037.05, high 2042.67, low 2031.96

RSI @ 63.57

CMF @ 0.366

Internals were :

UP volume led by 1.10 to 1 in NYSE & .86 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & .83 to 1 in Nasdaq

Net new 52 wk highs were leading by 103 in NYSE & lows by 8 in Nasdaq

VIX UP 3.39% @ 15.24

Oil @ $39.39

Gold @ $1220.00

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was in neutral ground and had to deal with oil being lower, by close Dow & S&P 500 was green and Nasdaq was off by less than 7 points. Janet Yellen is on tap for Tuesday and traders waiting for some hint about direction of near term fed interest rate policy. Today's TAPE was very constructive and hopefully next direction is higher, jobs report notwithstanding.

BLOG does NOT give buy or sell.

Saleem

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