Indices closed UP .62% to 1.34%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2465.84, high 2468.22, low 2454.96

RSI @ 52.82

CMF @ 0.216

Internals were :

UP volume led by 2.83 to 1 in NYSE & 3.62 to 1 in Nasdaq

Advancing stocks led by 3.22 to 1 in NYSE & 3.27 to 1 in Nasdaq

Net new 52 wk high were leading by 3 in NYSE & lows by 5 in Nasdaq

VIX Down 20.50% @ 12.33

Oil @ $47.59

Gold @ $1290.40

Stocks which were UP 2% or more  MOMO NVDA OCLR SPWR
WB MCHP MU AMD CY BAC JKS QRVO SINA EXPE FNSR FSLR CIEN WYNN DATA SNAP SHOP CRUS SWKS LRCX.....

AH news....YY Down 3.95%...secondary offering 5.75 million ADS

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was strong and closed near high of the day, internals were mostly strong. Nasdaq was the star, all FAANG participated except NFLX, which was slammed by Barron's over the weekend. NVDA made up all the losses and added some more gains, a case of hidden agenda of wall street. VIX slumped, which foretells about indices moving higher for confirmation of this strong rebound. Buy the strength.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed