Wednesday 18 May 2016

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2047.63, high 2060.61, low 2034.49

RSI @ 45.23

CMF @ 0.032

Internals were :

Down volume led by 1.93 to 1 in NYSE & .58 to 1 in Nasdaq

Declining stocks led by 1.91 to 1 in NYSE & .72 to 1 in Nasdaq

Net new 52 wk highs were leading by 40 in NYSE & lows by 33 in Nasdaq

VIX UP 2.44% @ 15.95

Oil @ $48.19

Gold @ $1274.70

AH ER.......CSCO UP 5.65%, CRM UP 6.07%
                   URBN UP 7.16%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, Fed minutes have spoken and market yawned by close as we were oversold already. June increase is already discounted by today's TAPE action.Nasdaq & S&P 500 closed green and internals in Nasdaq was super impressive by close. @ 45 RSI we are near low and we should work our way higher. Stay with high comfort strong stocks.

BLOG does NOT give buy or sell.

Saleem

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