Tuesday 18 October 2016

Indices closed UP .42% to .85%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2139.60, high 2144.38, low 2135.49

RSI @ 45.93

CMF @ -0.010

Internals were :

UP volume led by 3.70 to 1 in NYSE & 2.74 to 1 in Nasdaq

Advancing stocks led by 3.24 to 1 in NYSE & 1.81 to 1 in Nasdaq

Net new 52 wk highs were leading by 52 in NYSE & lows by 18 in Nasdaq

VIX  Down 5.74% @ 15.28

Oil @ $50.29

Gold @ $1262.90

Stocks which were UP 1% or more included TCK TWLO VRX
GOOG NTES QRVO KORS CTRP SPLK ABX TSLA TRIL
LULU UA OLED KGC JKS CSIQ NFLX SINA SU FFIV
PCLN CHK SWN TK RIG FEYE LNG MU AAL X
LRCX SLW AEM MS CSOD ZG GS AGU TRIP...

AH ER..INTC Down 5.35%, ISRG Down 2.19%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a decent UP move on strong earnings from NFLX, & GS. Indices are still below 50 DMA, although Nasdaq is only 5 points below. Many stocks participated in today's rally, which is a good sign. Tonight earnings are negative from INTC, which may affect SOX in particular and Nasdaq in general tomorrow. Look for opportunity to buy, when stock is on sale.

BLOG does NOT give buy or sell.

Saleem


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