Indices closed UP 1.21% to 1.39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2881.77, high 2884.40, low 2847.42

RSI @ 36.61

CMF @ 0.107

Internals were :

UP volume led by 2.01 to 1 in NYSE & 2.18 to 1 in Nasdaq

Advancing stocks led by 2.17 to 1 in NYSE & 1.85 to 1 in Nasdaq

Net new 52 wk lows were leading by 72 in NYSE & 165 in Nasdaq

VIX Down 17.97% @ 20.17

Oil @ $53.63

Gold @ $1484.20

Stocks which were UP 2% or more included AMD BZUN CIEN 
CRON TWTR IQ LULU MTCH NIU CGC PRNB BABA WB
OLED QRVO ALDR GS MA SINA OSTK ULTA SWKS
TSM NKE V.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed near high of the day on deeply oversold conditions, DOW even turned negative early on, we need another UP close to validate today's positive move. Most stocks participated in today's rally but they were not as strong as expected. Internals were mostly positive.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed