Thursday, 20 September 2018

Indices closed UP .78% to .98%....NICE !!!!

Indices closed UP.

S&P 500 @ 2930.75, high 2934.80, low 2919.73

RSI @ 68.16

CMF @ 0.170

Internals were :

UP volume led by 4.09 to 1 in NYSE & 3.35 to 1 in Nasdaq

Advancing stocks led by 2.15 to 1 in NYSE & 2.68 to 1 in Nasdaq

Net new 52 wk highs were leading by 50 in NYSE & 39 in Nasdaq

VIX UP .43% @ 11.80

Oil @ $70.32

Gold @ $1211.30

Stocks which were UP 2% or more included BZUN CRUS SQ
PRNB BABA CIEN CSIQ EAF MRVL MU OLED QRVO
YY ROKU ALDR CHK RIG YELP FNSR MGA ORCL
SINA SWKS.....

AH news...MU Down 6.97%, MGA Down 5.01%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE ignored all the rumblings about trade wars and went about its business of marching up to new all time highs in Dow & S&P 500, Nasdaq is next in line to do so. Most sectors participated in this rally except few Chinese small caps. TLRY still exploding in volume but not in prices, we may see it below $100.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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