Indices closed UP 1.57% to 2.12%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2036.09, high 2036.09, low 2006.67

RSI @ 41.77

CMF @ 0.033

Internals were :

UP volume led by 9.25 to 1 in NYSE & 9.00 to 1 in Nasdaq

Advancing stocks led by 6.00 to 1 in NYSE & 3.97 to 1 in Nasdaq

Net new 52 wk highs were leading by 169 in NYSE & lows by 13 in Nasdaq

VIX Down 21.38% @ 18.75

Oil @ $47.85

Gold @ $1317.90

Stocks which were UP 2% or more included :
NTES JCP SBUX TWTR UA VRX 
SODA CTRP LNG SPLK SPWR AMZN
QRVO FB SU JKS BIDU V COH LEN MSFT
NFLX CSIQ YHOO SINA DNKN EXPE CHK TK
SWN SSYS RIG FEYE BABA YELP FSLR CIEN MU
OLED AAL M LRCX TCK CRUS DATA SWIR MS FCX
ZG GS.......

AH ER....NKE Down 4.22%, AVAV Down 7.37%

AH Futures Down

AH Asian Markets UP

AH Oil UP & Gold UP

About market, TAPE was in overdrive and closed @ absolutely high of the day in S&P 500 & Dow, Nasdaq missed it by a single point. Dow & S&P 500 are above 200 DMA, Nasdaq still below 50 & 200 DMA. Internals were strong. Most sectors participated except gold & silver. IF we get a  confirmation of this rally by another green close, then we are on strong technical ground. Patience & conviction paid off this time also.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed