Indices closed UP 1.39% to 2.27%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1895.58, high 1895.77, low 1871.44

RSI @ 47.99

CMF @ 0.164

Internals were :

UP volume led by 5.83 to 1 in NYSE & 6.80 to 1 in Nasdaq

Advancing stocks led by 4.36 to 1 in NYSE & 3.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 31 in NYSE & 49 in Nasdaq

VIX Down 5.08% @ 24.11

Oil @ $29.04

Gold @ $1208.20

Stocks which were UP 2% or more included BIDU CTSH JKS
RLYP SPWR CSIQ FSLR NTES TWTR PCLN AAPL
AMZN COH LVS FIT LNKD NXPI TSLA YHOO
SINA DNKN EXPE CMG EBAY YUM VDSI
BABA YELP FSLR MU AMCC CIEN 
LRCX FEYE AMBA AAL M PANW
SPLK UA MS VRX CTRP ZG
WYNN TRIP....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong despite oil being lower, Indices closed @ high of the day which is a strong confirmation of this rally on day 2. Internals were strong and many stocks had 10% UP move today which is a rarity. Most boats were lifted which is a sign of a washed out bottom, bodes well for the length of this rally.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed