Indices closed UP .39% to .86%....NICE !!!!

Indices closed @ high of the day.

S&P 500 @ 2102.44, high 2102.87, low 2079.30

RSI @ 52.89

CMF @ 0.041

Internals were :

UP volume led by 2.03 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by 1.56 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk lows were leading by 49 in NYSE & highs by 1 in Nasdaq

VIX UP 1.48% @ 13.02

Oil @ $41.87

Gold @ $1118.40

Stocks which were UP 1% or more included LULU
TSL FEYE YY YELP BIDU TSLA PCLN MU
AAPL LEN JKS EXPE YUM HIMX CIEN 
FNSR QIHU NFLX AAL SPLK SBUX
MCD STLD ABX SLW GG AEM 
BRCM AGU TRIP.....

AH ER ...FTNT UP 2.4%, SINA Down 3.3%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong enough to propel S&P 500 & Nasdaq to move above 50 DMA, Dow remained below 50 & 200 DMA but it seems it may have made a double bottom. Internals of the market improved. We need another close in green on Tuesday to confirm this rally. Many stocks did not participate in this rally, hopefully they will join this turnaround on soon. Stay with your best ideas, but do not forget to book profit.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed