Thursday, 2 June 2016

Indices UP .27% to .39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2105.26, high 2105.26, low 2088.59

RSI @ 62.93

CMF @ 0.182

Internals were :

UP volume led by 1.63 to 1 in NYSE & 2.11 to 1 in Nasdaq

Advancing stocks led by 1.89 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk highs were leading by 135 in NYSE & 60 in Nasdaq

VIX Down 4.01% @ 13.63

Oil @ $49.17

Gold @ $1209.80

Stocks which were UP 1% or more  CNQ CMG JCP TWTR
LNG PANW AMZN QRVO LULU COH YHOO DNKN
SU FFIV SWN SSYS FEYE YELP AMCC CIEN 
OLED M TCK DATA CSOD ZG WYNN
TRIP......

AH ER...GPS UP 4.64%, AVGO UP 7.15%
                AMBA UP 8.9%

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE closed @ absolute high of the day despite no production cap by OPEC. Oil finished higher which took indices along for the ride. IBD tonight has changed its market outlook to "market in confirmed uptrend".Gold closed @ the lowest level since February 16, 2016. Jobs report @ 830 AM will set the tone for this TAPE, as long as its not too hot and come slightly lower than consensus, then we rally.

BLOG does NOT give buy or sell.

Saleem 

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