Indices closed UP 1.47% to 2.28%.....NICE !!!!

Indices closed UP

S&P 500 @ 1920.03, high 1920.53, low 1887.14

RSI @ 42.81

CMF @ -0.012

Internals were :

UP volume led by 7.09 to 1 in NYSE & 5.73 to 1 in Nasdaq

Advancing stocks led by 3.07 to 1 in NYSE & 2.92 to 1 in Nasdaq

Net new 52 wk lows were leading by 184 in NYSE & 148 in Nasdaq

VIX Down 8.68% @ 24.50

Oil @ $45.09

Gold @ $1115.20

Stocks which closed UP 2% or more included FB NXPI 
NFLX AMBA YY YHOO PCLN GOOGL TWTR
FIT TSL COH MU GPRO LEN JKS CSIQ FSLR
SPWR AMZN SINA EXPE YUM YELP HIMX
CRUS SNDK AMCC CIEN FNSR QIHU GG
NFLX SBUX STLD AEM CCJ DATA MGA


AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE showed its old strength and closed @ high of the day, absolute high close in Nasdaq. Internals improved big time, CMF is positive in Dow & Nasdaq.It was nice to see that test of support was successful yesterday, it was a six week of test & retest of support, we may be finally out of that phase. Now we have to get confirmation of this rally with a positive close on Thursday, probability is extremely high of doing that. Buying or adding on open may not be a bad idea.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed