Tuesday 21 June 2016

Indices closed UP .14% to .27%....NICE !!!!

Indices closed UP.

S&P 500 @ 2088.90, high 2093.66,low 2083.02

RSI @ 52.62

CMF @ 0.205

Internals were :

UP volume led by 1.62 to 1 in NYSE & 1.10 to 1 in Nasdaq

Advancing stocks led by 1.30 to 1 in NYSE & .74 to 1 in Nasdaq

Net new 52 wk highs were leading by 118 in NYSE & lows by 4 in Nasdaq

VIX UP .60% @ 18.48

Oil @ $48.85

Gold @ $1272.50

AH ER...ADBE Down 4.75%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE closed @ mid point, which is a victory considering all the negativity and oil being lower. Market is trying to look beyond Brexit which is a good thing. Internals were mixed and gold took it on the chin, oil stocks were higher despite lower oil. Brexit polls will be in sharp focus in next 48 hours. Diversified portfolio is the best bet when things are uncertain.

BLOG does NOT give buy or sell.

Saleem

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