Thursday 17 November 2016

Indices UP .19% to .74%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2187.12, high 2188.06, low 2176.65

RSI @ 65.09

CMF @ 0.083

Internals were :

UP volume led by 1.33 to 1 in NYSE & 2.03 to 1 in Nasdaq

Advancing stocks led by 1.11 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new 52 wk highs were leading by 158 in NYSE & 258 in Nasdaq

VIX Down 2.70% @ 13.35

Oil @ $45.42

Gold @ $1216.90

Stocks which were UP 1% or more included AMD
AMZN AKS CRM NTES QRVO FB SPLK LVS
ZYNE V LULU LEN MSFT EXPE EBAY RIG
FEYE LNG BABA YELP MU ZG WYNN
GS TRIP DATA ORCL MS CRUS TSLA
AAL M PANW LRCX.....

AH ER...CRM UP 5.51%, GPS Down 4.07%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed near high of the day. S&P 500 only 7 points away from making new all time high, while Nasdaq only 10 points away from new all time high, all strong technical indicator. Shipping stocks took it on the chin today, as speculation was in overdrive. Rally is broadening now in many sectors, stay with your best ideas and add when price is right.

BLOG does NOT give buy or sell.

Saleem

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