Indices closed UP .03% to .50%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2279.55, high 2289.14, low 2272.44

RSI @ 55.67

CMF @ 0.253

Internals were :

UP volume led by .78 to 1 in NYSE & 1.09 to 1 in Nasdaq

Advancing stocks led by .92 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk highs were leading by 143 in NYSE & 110 in Nasdaq

VIX Down 1.50% @ 11.81

Oil @ $53.88

Gold @ $1208.30

Stocks which were UP 1% or more included AMD FCX TECK
MU BAC NVDA AMZN BAC FB AAPL COH TK YELP
FSLR DATA SWIR CSOD CRUS LRCX......

AH ER....QRVO Down 8.13%, CRUS Down 9.63%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE starting strong on above consensus economic data in US & China. Rally faded quickly, by close we barely were UP. Internals were weak. There is still hangover from immigration issues and related economic impact. Stay with high comfort stocks and stay away from speculative bets. Earnings are becoming challenging for most in terms of guidance.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed