Indices closed UP .13% to .40%....NICE !!!!

Indices closed UP.

S&P 500 @ 3005.70, high 3006.21, low 2993.73

RSI @ 60.97

CMF @ 0.202

Internals were :

UP volume led by .65 to 1 in NYSE & 1.12 to 1 in Nasdaq

Advancing stocks led by 1.17 to 1 in NYSE & .84 to 1 in Nasdaq

Net new 52 wk highs were leading by 81 in NYSE & 34 in Nasdaq

VIX Down 1.57% @ 14.44

Oil @ $59.34

Gold @ $1513.40

Stocks which were UP 1% or more included LSCC SPWR TWTR
MRVL FB IQ HUYA UAL MTCH AAL SPLK FSLR CGC YY
BABA CSIQ EXPE NFLX MCD ULTA TSM KBH CMG...

AH news....FDX Down 9.78%, CHWY Down 3.9%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under pressure before open but came back to life after news came that oil supply will be restored  within 1 month, Indices closed @ high of the day. Internals were mixed. It is all about Fed statement around 2 PM which in my opinion will be market friendly, means a .25% rate cut and future rates will be data dependent based on trade deal also.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed