Thursday, 31 August 2017

Indices closed UP .25% to .95%....NICE !!!!

Indices closed UP.

S&P 500 @ 2471.65, high 2475.01, low 2462.65

RSI @ 58.40

CMF @ 0.005

Internals were :

UP volume led by 2.91 to 1 in NYSE & 2.87 to 1 in Nasdaq

Advancing stocks led by 2.79 to 1 in NYSE & 2.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 117 in NYSE & 141 in Nasdaq

VIX Down 5.61% @ 10.59

Oil @ $47.23

Gold @ $1322.20

Stocks which were UP 2% or more included MOMO NVDA
AMD WB OLED SWIR GG LVS KGC JKS LEN SINA
EXPE PCLN LNG WYNN MGA SHOP SPLK OPK
ULTA ....

AH ER....LULU UP 5.8%, PANW UP 5.47%
                AMBA Down 9.3%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE continued its bull run and closed near high of the day. Internals were strong and positive.Majority of stocks participated in this rally. Friday is Jobs report which is expected to be addition of 180,000, IF it exceeds too much, fear of interest rate hike may become a factor. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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