Monday, 13 July 2015

Indices closed UP 1.11% to 1.48%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2099.60, high 2100.67, low 2080.03

RSI @ 53.36

CMF @ -0.082

Internals were :

UP volume led by 4.29 to 1 in NYSE & 4.85 to 1 in Nasdaq

Advancing stocks led by 2.71 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 43 in NYSE & 101 in Nasdaq

VIX Down 17.41% @ 13.90

Oil @ $52.20

Gold @ $1155.40

Stocks which were UP 2% or more included TWTR VDSI
YELP YHOO BIDU PCLN GOOGL FB TSL JKS CSIQ
SWIR LVS WYNN AMZN DNKN EXPE CMG YNDX 
CRUS CIEN NFLX AAL SBUX X STLD Z TRIP...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong on EU agreement with Greece. Internals were strong and have repaired most of the damage. Lot of pessimism have been eliminated. Indices needs to repair technical damage by closing well above 50 DMA. TAPE will be subjected to vote in Greece, IF it goes as expected, indices will move higher.

BLOG does NOT give buy or sell.

Saleem

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