Indices closed UP .79% to 2.02%....NICE !!!!

Indices closed UP.

S&P 500 @ 2783.30, high 2784.00, low 2747.61

RSI @ 59.00

CMF @ 0.145

Internals were :

UP volume led by 5.35 to 1 in NYSE & 4.87 to 1 in Nasdaq

Advancing stocks led by 3.69 to 1 in NYSE & 3.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 122 in NYSE & 28 in Nasdaq

VIX Down 10.72% @ 14.33

Oil @ $56.79

Gold @ $1291.10

Stocks which were UP 2% or more included AMD TSLA TWTR
SHOP AMZN HUYA BIDU WB IQ FEYE ROKU AAPL V X
M SPLK FSLR AMAT BABA CIEN FFIV GOOG JKS NFLX
OLED PANW YY NTNX RIG SPWR YELP MLNX MSFT...

AH futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE ignored BA crash and went about buying stocks after they were oversold. Economic data also helped, NVDA outbidding INTC for MLNX also added fuel to this rally. We closed @ high of the day. Internals were very strong with UP volume leading the way with 5.35 to 1 UP volume. All around it was a powerful rebound.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed