Indices closed UP .87% to 1.29%....NICE !!!!

Indices closed UP.

S&P 500 @ 1951.70, high 1951.83, low 1925.41

RSI @ 56.84

CMF @ 0.269

Internals were :

UP volume led by 2.93 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by 2.89 to 1 in NYSE & 1.57 to 1 in Nasdaq

Net new 52 wk highs were leading by 62 in NYSE & lows by 19 in Nasdaq

VIX Down 7.77% @ 19.11

Oil @ $33.07

Gold @ $1238.80

Stocks which were UP 1% or more CTSH FB MSFT SBUX V
COH LVS WYNN LNKD LEN NXPI NFLX TSLA SU
YHOO FFIV MA YELP FSLR CRUS PANW SPLK
LRCX FEYE AAL M MCD UA AEM DATA
SWIR CSOD MGA ORCL MS VRX ZG
GS AGU TRIP.....

AH ER...BIDU UP 10.81%, SPLK UP 13.81%
               PANW UP 4.78% +9.65% pre release

BIDU earning report was a beat on Sales and huge beat on EPS by 1.57 billion yuan, expectation was 2.2 billion yuan, actual EPS 3.87 billion yuan, guidance is in line.           

AH futures Mixed

AH Asian Market Mixed

AH  Oil & Gold Down

About market, TAPE followed oil closely from open to close and closed @ high of the day. Internals were strong and S&P 500 closed above much feared 1950 area.S&P 500 also closed above 50 DMA, first index to accomplish. TAPE has become healthy as it defied Shanghai 6%++ slump. Stay with conviction in strong stocks, there is more gains to come.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed