Indices closed UP .44% to .73%...NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2108.57, high 2110.60, 2094.08

RSI @ 53.37

CMF @ 0.090

Internals were :

UP volume led by 4.31 to 1 in NYSE & 1.97 to 1 in Nasdaq

Advancing stocks led by 2.69 to 1 in NYSE & 1.27 to 1 in Nasdaq

Net new 52 wk lows were leading by 10 in NYSE & 17 in Nasdaq

VIX Down 6.99% @ 12.50

Oil @ $48.79

Gold @ $1092.60

Stocks which were UP 1% or more included FB RAD
AEM TSL FEYE LNKD BIDU COH LEN JKS
CSIQ SINA CMG SU EBAY MA V FSLR
SPWR YNDX AMCC LSCC OTEX 
GMCR X STLD ABX SLW GG
AEM CCJ MGA.....

AH ER.. FB Down 3.33%, WFM Down 11.29%
               QRVO Down 15.01%

FB ER was a beat and had excellent growth in users and mobile. Ad revenue was above expectations, expenses rose as planned, expect a recovery in stock price on Thursday.

NXPI reported @ 8 PM after close of AH trading, it was a beat in EPS by 7 cents, revenue slightly lower, cc @ 8 AM.

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, S&P 500 is above 200 & 50 DMA, Nasdaq is above 200 & 50 DMA, Dow is still below 50 & 200 DMA but ready to take out 200. TAPE confirmed this uptrend by being UP back to back, now it can digest gains which will be normal. It is interesting how earnings are treated in the market place, not a good picture for me so far.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed