Indices closed UP 1.55% to 2.20%....NICE !!!!

Indices closed UP.

S&P 500 @ 2681.05, high 2690.44, low 2648.34

RSI @ 60.96

CMF @ 0.352

Internals were :

UP volume led by 4.30 to 1 in NYSE & 3.25 to 1 in Nasdaq

Advancing stocks led by 4.10 to 1 in NYSE & 2.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 62 in NYSE & 4 in Nasdaq

VIX Down 7.68% @ 17.66

Oil @ $54.23

Gold @ $1315.50

Stocks which were UP 4% or more included ESTC FB SQ
NVDA AMD AAPL AMZN BABA JKS ALDR LVS 
MLNX X......

AH news...FB UP 11.51%, NOW UP 6.6%

                  X Down 6.21%, TSLA Down 4.78%

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was in overdrive mode when Fed in a unanimous policy statement agreed to be patient in raising interest rates, a rarity in Fed policy making when everyone agrees. Indices closed near high of the day. AH FB beat earnings expectations in every category and showed growth of 9% in DAU & MAU yoy, this surprised every analyst.Expect Nasdaq to show strength in Thursday's session.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed