Wednesday 17 January 2018

Indices closed UP .94% to 1.25%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2802.56, high 2807.04, low 2778.38

RSI @ 81.34

CMF @ 0.214

Internals were :

UP volume led by 2.10 to 1 in NYSE & 2.22 to 1 in Nasdaq

Advancing stocks led by 1.86 to 1 in NYSE & 1.83 to 1 in Nasdaq

Net new 52 wk highs were leading by 133 in NYSE & 156 in Nasdaq

VIX UP 2.14% @ 11.91

Oil @ $63.97

Gold @ $1339.20

Sticks which were UP 2% or more included MOMO SHOP WB
ROKU BZUN AMD NVDA OLED MU FCX LEN QRVO
MSFT SINA WYNN TEUM SSC OSTK SPLK SWKS
TNA CMG LRCX.....

AH news...AEM UP 5.35%, AA Down 6.65%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE proved to everyone including Carter Worth, that, this TAPE is beyond any analysis, BA was sharply higher and Dow jumped to a brand new all time high. This TAPE has much more strength to show all skeptics, that betting against a " runaway bull " is very bad for financial health. Going with the flow has worked like a charm, too much money chasing entire market.

BLOG does NOT give buy or sell.

Saleem

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