Indices closed UP .36% to .75%....NICE !!!!

Indices closed UP.

S&P 500 @ 2976.73, high 2983.85, low 2967.07

RSI @ 52.30

CMF @ 0.181

Internals were :

UP volume led by 1.17 to 1 in NYSE & 1.58 to 1 in Nasdaq

Advancing stocks led by 1.45 to 1 in NYSE & 1.28 to 1 in Nasdaq

Net new 52 wk highs were leading by 100 in NYSE & lows by 64 in Nasdaq

VIX Down 5.69% @ 16.24

Oil @ $54.07

Gold @ $1472.90

Stocks which closed green included AMD BZUN
BIDU MRVL FB SQ NVDA UBER LULU 
LRCX SHOP AMZN FEYE NIU ROKU
PHM AAPL AMAT BABA CTRP X
NFLX QRVO YY YELP LVS M
MA MGA ORCL SINA 
MSFT ULTA SWKS
TSM NKE KBH
CMG IBM 
PANW...

AH news....CCO UP 17.06%, RUBI Down 4.36%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged an oversold bounce triggered by fake news label of Chinese stocks being delisted from US Exchange. Internals were mostly positive. Looks like we may finally get a back to back green close which may trigger more buying on this rare confirmation of a new uptrend.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed