Indices closed mixed.......

Indices closed mixed.

S&P 500 @ 2139.43, low 2131.59, high 2145.73

RSI @ 46.12

CMF @ -0.051

Internals were :

Down volume led by 1.19 to 1 in NYSE & 1.51 to 1 in Nasdaq

Declining stocks led by 1.83 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new 52 wk lows were leading by 5 in NYSE & 24 in Nasdaq

VIX UP 5.79% @ 14.24

Oil @ $49.18

Gold @ $1266.60

In my portfolio...Sold TCK @ $21.04

AH ER...CAKE UP 8.10%, TSLA UP 4.45%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE struggled with poor earnings report whole day, managed to close well above low of the day. Nasdaq closed 3 points below 50 DMA, with AMZN & GOOG reporting AH on Thursday, we may see major technical improvement. Internals are all negative, a rare event. I am expecting a positive day and better AH action.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed