Indices closed UP 1.15% to 1.49%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2053.19, high 2053.22, low 2019.39

RSI @ 50.14

CMF @ 0.061

Internals were :

UP volume led by 5.36 to 1 in NYSE & 2.56 to 1 in Nasdaq

Advancing stocks led by 2.69 to 1 in NYSE & 1.51 to 1 in Nasdaq

Net new 52 wk lows were leading by 111 in NYSE & by 134 in Nasdaq

VIX Down 9.56% @ 18.16

Oil @ $41.74

Gold @ $1083.60

Stocks which were UP 3% or more  CNQ FIT NFLX VDSI
BBRY JKS SWIR BABA TSLA SINA SU HIMX.......

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was super strong despite Paris, market felt that these events are not going to impact economically, thus closing @ high of the day. Strong stocks outperformed in this snapback. Oil came back from extreme oversold conditions. Carter Worth is not impressed with internals of this market and is predicting 1800 in S&P 500. Focus on strong stocks and not worry too much about direction of market, as most of us cannot predict market even for half day.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed