Indices closed UP .01% to .74%....NICE !!!!

Indices closed UP.

S&P 500 @ 1868.00, high 1889.85, low 1848.98

RSI @ 31.58

CMF @ -0.014

Internals were :

UP volume led by 2.17 to 1 in NYSE & 1.34 in Nasdaq

Advancing stocks led by 1.86 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk lows were leading by 93 in NYSE & 114 in Nasdaq

VIX Down 3.26% @ 26.69

Oil @ $29.53

Gold @ $1098.20

Stocks which were UP 2% or more included BABA BIDU CNQ
FCX TCK JCP TWTR TSL MU FIT LULU CY VDSI COH
CSIQ FSLR SPWR SU M SBUX X ABX CCJ CSOD.....

AH ER...AXP Down 3.66%, SBUX Down 4.44%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE saw green all over for the first time, Nasdaq barely made into green which is not a strong vote of confidence. Internals were mixed. We need confirmation of this green close or we go back to extreme volatility again. Oil was strong but that strength was not visible in indices on the UP side. I believe strongly that strong stocks have better chance of growth than weaker ones. On Friday there is one closing BLOG only around 7 PM. Any trade i make is reported in a timely manner in comment section.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed