Indices closed UP 1.00% to 1.55%....NICE !!!!

Indices closed UP.

S&P 500 @ 2082.42, high 2083.18, low 2065.92

RSI @ 64.20

CMF @ 0.191

Internals were :

UP volume led by 3.32 to 1 in NYSE & 4.17 to 1 in Nasdaq

Advancing stocks led by 3.45 to 1 in NYSE & 3.60 to 1 in Nasdaq

Net new 52 wk highs were leading by 119 in NYSE & 37 in Nasdaq

VIX Down 6.80% @ 13.84

Oil @ $41.76

Gold @ $1248.30

Stocks which were UP 2% or more included :
FEYE JKS NTES TWTR 
BIDU LULU CTRP LNG PANW
NXPI SPLK SPWR LVS LNKD LEN
NFLX TSLA CSIQ SINA EXPE EBAY
FFIV MA RIG WB BABA YELP FSLR CRUS
MU AMCC CIEN UA DATA SWIR CSOD ORCL
MGA MS VRX ZG GS TRIP......

AH ER..STX Down 6.22%, PIR Down 5.18%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was strong again and closed @ high of the day, Nasdaq was the strongest which is a change from before.Internals were strong all over. Tonight IBD is changing its market outlook to "market in confirmed uptrend"...Even though oil was down indices went with Chinese export data. Gold rested after being overbought, same with oil.Rotation is going on which is a sign of healthy market, technology & financials were in vogue now vs oil, gold and base metals.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed