Indices closed UP .34% to .36%....NICE !!!!

Indices closed UP.

S&P 500 @ 2815.44, high 2819.71, low 2798.77

RSI @ 56.27

CMF @ 0.080

Internals were :

UP volume led by 2.01 to 1 in NYSE & 1.94 to 1 in Nasdaq

Advancing stocks led by 1.95 to 1 in NYSE & 1.81 to 1 in Nasdaq

Net new 52 wk highs were leading by 141 in NYSE & 14 in Nasdaq

VIX Down 4,75% @ 14.43

Oil @ $59.30

Gold @ $1289.80

Stocks which were UP 3% or more included BZUN
LULU HUYA ROKU CRON EAF JKS SPWR....

AH news....PRGS UP 26.3%, VJET UP 20.45%

                   PVTL Down 3.42$, SGH Down 17.05%

AH Futures UP

AH asian Markets UP

AH Oil & Gold UP

About market, TAPE hesitated after open but managed to find footing to close near high of the day. Internals were positive all over. There is a very good chance that we may have back to back UP days to confirm this new uptrend by Friday close. There is only a closing BLOG on Fridays around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed