Indices closed UP .97% to 1.39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2917.75, high 2930.79, low 2905.44

RSI @ 63.14

CMF @ -0.050

Internals were :

UP volume led by 3.80 to 1 in NYSE & 3.29 to 1 in Nasdaq

Advancing stocks led by 2.85 to 1 in NYSE & 2.46 to 1 in Nasdaq

Net new 52 wk highs were leading by 326 in NYSE & 94 in Nasdaq

Oil @ $53.90

Gold @ $1350.70

Stocks which were UP 4% or more included AMD BZUN
HUYA MU LRCX MOMO NVDA CTRP OLED QRVO
AMAT RIG SPWR WYNN LVS SINA SWKS TSM X..

AH futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was positive whole day and closed UP. All major indices are heading towards new all time highs, a far cry from two weeks ago when we were below key technical levels. Internals were mostly positive, Semiconductor stocks came back very strong. 2 PM tomorrow Fed will speak their mind, market will like what they will read in their statement, Q & A session follows.

BLOG does NOT give buy or sell,

Saleem

Posted in: Mixed