Indices closed UP .72% to .93%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2021.15, high 2022.90, low 2005.93

RSI @ 43.65

CMF @ -0.147

Internals were :

UP volume led by 2.18 to 1 in NYSE & 2.72 to 1 in Nasdaq

Advancing stocks led by 1.94 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk lows were leading by 153 in NYSE & 114 in Nasdaq

VIX Down 9.66% @ 18.70

Oil @ $35.81

Gold @ $1080.60

Stocks which closed UP 1% or more included BBRY FIT VDSI
JKS BIDU AAPL TSL MU LULU COH LVS WYNN LEN
NXPI CSIQ SINA YUM V FSLR SPWR CRUS CIEN
AMBA AAL SPLK SBUX X STLD ABX GG AEM
CSOD MGA MS GS......

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE went back & forth from green to red and then closed @ near high of the day. All indices closed below 50 & 200 DMA. All indices are making golden cross tonight and Nasdaq is most convincing in that formation, sign of higher move to come. Last 6.5 days left in trading, there is a battle going on in tax loss selling vs bargain hunting, lot can happen in next two full weeks of trading. History based on seasonality supports us for a positive TAPE until January 6th.....after that all bets are off.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed