Thursday 8 August 2019

Indices closed UP 1.43% to 2.24%....NICE !!!!

Indices closed UP.

S&P 500 @ 2938.09, high 2938.72, low 2894.47

RSI @ 47.62

CMF @ 0.168

Internals were :

UP volume led by 6.71 to 1 in NYSE & 3.78 to 1 in Nasdaq

Advancing stocks led by 4.46 to 1 in NYSE & 2.69 to 1 in Nasdaq

Net new 52 wk highs were leading by 136 in NYSE & lows by 2 in Nasdaq

VIX Down 13.24% @ 16.91

Oil @ $52.54

Gold @ $1509.50

Stocks which were UP 3% or more included AMD BZUN CIEN
IQ MOMO LYFT SHOP ROKU SPLK VICR TLRY JKS CHK
TK TRIP MA XLNX X CNX......

AH news....YELP UP 5.75%, FSLY Down 21.75%

                    AMRN Down 23.53%, TRUE Down 21.16.%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong @ close by closing @ highest point, confirmed positive action 3 days in a row for S&P 500 and Nasdaq and 2 out of 3 for DOW. S&P 500 & Nasdaq closed above 50 DMA, DOW below 50 DMA. Internals were mostly strong. On Friday's there is only a closing BLOG around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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