Thursday, 14 January 2016

Indices closed UP 1.41% to 1.97%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1921.83, high 1934.47, low 1878.93

RSI @ 35.91

CMF @ -0.088

Internals were :

UP volume led by 3.34 to 1 in NYSE & 3.12 to 1 in Nasdaq

Advancing stocks led by 2.07 to 1 in NYSE & 2.18 to 1 in Nasdaq

Net new 52 wk lows were leading by 621 in NYSE & 524 in Nasdaq

VIX Down 5.04% @ 23.95

Oil @ $31.20

Gold @ $1073.60

Stocks UP 3% or more included BIDU BBRY CNQ FB VDSI
FCX TCK NTES SWIR SINA CMG SU CRUS AMCC X
CSOD VRX AGU.......

AH ER....INTC Down 4.4%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE reversed from lower lows into a strong close. Many stocks group participated in this rally except solar stocks which is hurting due to situation in Nevada & its supplier. This rally is wait and see and has to prove itself. TAPE has been damaged badly and may need several attempts to build a solid base. Keep an eye on internals as it is still very weak.Every Friday or before long weekend there is a closing BLOG only.

BLOG does NOT give buy or sell.

Saleem

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