Indices closed UP.
S&P 500 @ 2083.58, high 2085.31, low 2051.99
RSI @ 57.28
CMF @ 0.128
Internals were :
UP volume led by 8.20 to 1 in NYSE & 2.97 to 1 in Nasdaq
Advancing stocks led by 3.19 to 1 in NYSE & 2.50 to 1 in Nasdaq
Net new 52 wk lows were leading by 60 in NYSE & 71 in Nasdaq
VIX Down 10.56% @ 16.85
Oil @ $40.75
Gold @ $1068.70
Stocks which were UP 2% or more included
CY FB LULU NFLX
BBRY JCP JKS MU BITA
TWTR BIDU AMZN AAPL TSL
FEYE VRX COH LEN NXPI TSLA
CSIQ SINA EXPE GOOG V ANTH YELP
FSLR SPWR YNDX HIMX CRUS AMCC LSCC
M SBUX X STLD ABX SLW GG AEM MGA Z TRIP....
AH ER...CRM UP 5.55%, CTRP UP 13.6%, GMCR UP 19.11%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Fed minutes majority consensus on December rate hike removes uncertainty about timing, market hates uncertainty, thus a major move UP in all indices. Indices closed near high of the day and internals improved big time. All indices are above 50 & 200 DMA which is a powerful technical set up. Stay with strong stocks as they are in overdrive and have more room to run.
BLOG does NOT give buy or sell.
Saleem
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