Indices closed UP 1.65% to 1.87%......NICE !!!!

Indices closed UP.

S&P 500 @ 2052.51, high 2055.20, low 2021.88

RSI @ 63.60

CMF @ 0.283

Internals were :

UP volume led by 2.68 to 1 in NYSE & 2.65 to 1 in Nasdaq

Advancing stocks led by 2.92 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk highs were leading by 58 in NYSE & lows by 3 in Nasdaq

VIX Down 13.47% @ 14.45

Oil @ $45.38

Gold @ $1166.10

Stocks which were UP 2% or more included BIDU CNQ FB VDSI
LNKD SWIR BABA FEYE NXPI JKS SINA SU EBAY FFIV
LSCC CIEN AAL SPLK MCD X STLD SLW AEM MGA
MS GS AGU MLNX.....

AH ER....MSFT UP 7.95%, AMZN UP 9.72%
               GOOG UP 10.62%, FTNT Down 15.01%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was super strong today and closed near high of the day, all indices are ready to take out 200 DMA, this will be very significant technically that all indices are above 50 & 200 DMA resistance. AH strong earnings from tech giants will propel this market higher on Friday, Friday being the weekly option expiry, there will be some outsized UP moves. Try to book profit as everyone gets super euphoric. Funds can be deployed in some beaten down names who are basing for few days, that is my strategy.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed