Thursday 5 September 2019

Indices closed UP 1.30% to 1.75%...NICE !!!!

Indices closed UP.

S&P 500 @ 2976.00, high 2985.86, low 2960.60

RSI @ 58.01

CMF @ 0.130

Internals were :

UP volume led by 3.00 to 1 in NYSE & 2.99 to 1 in Nasdaq

Advancing stocks were leading by 1.92 to 1 in NYSE & 2.84 to 1 in Nasdaq

Net new 52 wk highs were leading by 206 in NYSE & 53 in Nasdaq

Stocks which were UP 3% or more included BZUN MRVL TWTR
MOMO IQ SQ TSLA NVDA MU LULU NIU CRON TLRY
OLED PANW QRVO YY NTNX FEYE OSTK ULTA X
SWKS IBM CNX.....

AH news...DOCU UP 22.4%, NTGN UP 23.71%

                  ZUMZ UP 11.23%, LLNW UP 8.00%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was strong until close. Internals were positive all over. Most sectors participated in this rally except Gold. All Indices closed above 50 DMA which is a very strong signal that this rally is strong enough to test all time highs. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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