Indices closed UP .39% to .87%....NICE !!!!

Indices closed UP.

S&P 500 @ 2584.06, high 2595.32, low 2588.89

RSI @ 52.32

CMF @ -0.129

Internals were :

UP volume led by 2.99 to 1 in NYSE & 1.93 to 1 in Nasdaq

Advancing stocks led by 2.28 to 1 in NYSE & 1.91 to 1 in Nasdaq

Net new 52 wk highs were leading by 6 in NYSE & 26 in Nasdaq

VIX Down 2.39% @ 19.98

Oil @ $52.36

Gold @ $1292.00

Stocks which were UP 2% or more included MOMO SQ WB
HUYA BZUN SHOP ROKU CGC AMAT LRCX MRVL
YY CHK BABA MU ESTC SINA SU SWKS M PHM
KBH.....

AH news ...VERI UP 23.73%, BBBY UP 16.80%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE continued its bullish run from recent lows to 4 day's in a row. We have moved UP substantially higher from lows, in S&P 500 we are UP 238 points or 10.16% in exactly 10 trading days, in Nasdaq we are UP 766 points or 12.39% in 10 trading days. After this kind of straight UP move there is bound to be a digestive phase. US politicians as usual are causing some damage to markets with this shutdown based on issues which should not have come to forefront.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed