Indices closed UP .68% to 1.43%....NICE !!!!

Indices closed UP.

S&P 500 @ 2440.69, high 2442.97, low 2428.02

RSI @ 57.26

CMF @ 0.226

Internals were :

UP volume led by 3.79 to 1 in NYSE & 3.46 to 1 in Nasdaq

Advancing stocks led by 3.19 to 1 in NYSE & 3.29 to 1 in Nasdaq

Net new 52 wk highs were leading by 97 in NYSE & 50 in Nasdaq

VIX Down 9.31% @ 10.03

Oil @ $44.74

Gold $1249.10

Stocks which were UP 2% or more included
BBRY LULU MOMO OCLR SWIR
TSLA VRX QRVO NVDA CNQ CY
BAC TECK FCX JKS CSIQ SPWR TK
SINA MRVL FEYE YELP CIEN TRIP MGA
SNAP SHOP KBH OPK X LRCX CNX.....

AH News...PRGS UP 6.1%, PIR Down 12.27%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was strong and all indices closed near high of the day, a very positive technical rebound after yesterday's slump. Internals were strong. Most sector were green. IF we close green on Thursday, then this rally has room to go to new all time highs. TAPE has been volatile lately, but, it is wise to stay with high conviction stocks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed