Tuesday 23 August 2016

Indices closed UP .10% to .30%....NICE !!!!

Indices closed UP

S&P 500 @ 2186.90, high 2193.42, low 2186.80

RSI @ 60.55

CMF @ 0.214

Internals were :

UP volume led by 2.08 to 1 in NYSE & 2.37 to 1 in Nasdaq

Advancing stocks led by 2.13 to 1 in NYSE & 1.87 to 1 in Nasdaq

Net new 52 wk highs were leading by 234 in NYSE & 189 in Nasdaq




VIX UP .90% @ 12.38

Oil @ $48.10

Gold @ $1346.10

Stocks which were UP 1% or more included UA BMY KORS COH
PANW SPLK JKS LEN CHK SWN TK RIG FEYE WB AAL M 
TCK DATA MGA FCX TRIP MLNX.....

AH ER....INTU Down 4.6%, NMBL UP 6.24%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE got a boost from good earnings report @ open and good economic data, Indices shot UP triple digits, still managed to close in green.Internals were strong. This action in market is very positive, considering fedspeak on Friday. We are working towards new all time highs again, we missed it by hair in S&P 500. Momentum is on the bullish camp.

BLOG does NOT give buy or sell.

Saleem

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