Indices closed UP 1.33% to 2.66%....NICE !!!!

Indices closed near high of the day as oil moved sharply higher for second day. Indices confirmed this rally with back to back strong gain. Internals were strongest i have seen in a while.

S&P 500 @ 1906.90, high 1908.85, low 1877.40

RSI @ 40.04

CMF @ 0.012

Internals were :

Up volume led by 6.26 to 1 in NYSE & 6.14 to 1 in Nasdaq

Advancing stocks led by 8.53 to 1 in NYSE & 4.38 to 1 in Nasdaq

Net new 52 wk lows were leading by 15 in NYSE & 42 in Nasdaq

VIX Down 16.30% @ 22.34

Oil @ $32.19

Gold @ $1096.30

Canadian $ @ 58.52....sharp move UP in last 2 days against US$.....

Stocks which were UP 3% or more included AMZN CNQ FB JKS
LNKD AAPL TSL CSIQ FSLR SPWR FEYE LVS WYNN
FIT NXPI SU FFIV YELP CRUS AMCC CIEN SPLK
ABX GG CCJ MS Z GS.......

In my portfolio Bought SBUX @ $58.81

Here is my weighting :

BIDU 24.98%

FB      23.82%

CNQ  14.92%

AMZN 9.67%

JKS      7.76%

SBUX  7.67%

BABA  5.70%

BITA   5.48%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed