Indices closed UP 1.82% to 2.46%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1948.86, high 1948.91, low 1916.52

RSI @ 40.15

CMF @ -0.021

Internals were :

UP volume led by 4.90 to 1 in NYSE & 5.89 to 1 in Nasdaq

Advancing stocks led by 2.87 to 1 in NYSE & 2.12 to 1 in Nasdaq

Net new 52 wk lows were leading by 61 in NYSE & 28 in Nasdaq

VIX Down 16.91% @ 26.09

Oil @ $46.25

Gold @ $1133.60

Stocks which were UP 2% or more included FB FIT LULU TSL
LNKD BIDU TSLA PCLN GOOGL AAPL SWIR TWTR 
NXPI WUBA MU LEN JKS CSIQ AMZN EXPE CMG
YELP HIMX SNDK LSCC CIEN QIHU AAL MCD
GMCR SBUX X STLD DATA MS Z TRIP.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong and closed @ high of the day, all those yapping bears disappeared from CNBC, Gartman. Yamada and many took their licking today. It is important to recognize extremely oversold conditions before Monday morning quarter backs, who knew everything after close today. This TAPE is telling us that extreme negativity is out and "normal back & forth " will continue. Ensure that you have very high comfort level with your stocks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed