Indices closed UP .12% to .49%......NICE !!!!

Indices closed UP.

S&P 500 @ 1915.45, high 1927.35, low 1900.52

RSI @ 45.92

CMF @ 0.066

Internals were :

UP volume led by 2.38 to 1 in NYSE & 1.94 to 1 in Nasdaq

Advancing stocks led by 1.79 to 1 in NYSE & 1.48 to 1 in Nasdaq

Net new 52 wk lows were leading by 3 in NYSE & 71 in Nasdaq

VIX UP .88% @ 21.84

Oil @ $31.72

Gold @ $1157.50

Stocks which closed UP 1% or more included CNQ JKS
SPWR FSLR CSIQ TWTR PCLN FIT NXPI YHOO 
DNKN EXPE FFIV VDSI BABA YELP MU ZG
AMCC CIEN TSLA FEYE AMBA AAL ABX
SLW GG AEM CCJ CRUS DATA CSOD
ORCL MS GS VRX CTRP AGU TRIP
MLNX.....

AH ER...SPLK Down 9.11%, SWIR Down 22.87%
               LNKD Down 28.65%, DATA Down 35.79%

LNKD Reported A beat in Q4  in both Sales & EPS
Guided lower Sales & EPS in Q1 & for entire 2016.

In my portfolio during AH :

Sold LNKD @ $137

Added 30% FB @ $109.38, 2nd buy of the day

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE fought its way against low oil prices and closed UP, this back to back gain confirms this V bottom & uptrend. Tonight IBD saying " markets in confirmed uptrend"...Friday @ 8.30 AM it is all about jobs, 190K is expectations, they may come below this number which may propel this market higher. Oil had an orderly pullback today and may be ready to hold the line or move higher, this is what this market likes. Friday has a closing BLOG only around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed