Indices closed UP .03% to .19%...NICE !!!!

Indices closed UP.

S&P 500 @ 2770.7, high 2787.33, low 2767.29

RSI @ 69.54

CMF @ o.366

Internals were :

UP volume led by 1.92 to 1 in NYSE & 1.43 to 1 in Nasdaq

Advancing stocks led by 2.13 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk highs were leading by 154 in NYSE & 76 in Nasdaq

VIX Down .20% @ 14.88

Oil @ $56.45

Gold @ $1344.80

Stocks which were UP 2% or more included MOMO BZUN
HUYA IQ WB ROKU GG FSLR CSIQ JKS SPWR PRNB
BABA CIEN MRVL YY CHK WYNN OSTK....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE built its positive close on optimism about trade progress. Market is overbought and is a nice place to book gains, this TAPE can reverse very very quickly, close today was not the best. Waiting for prices to come down could be a good strategy @ this stage, it always comes down after being UP for 8 weeks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed