Indices closed UP 1.40% to 1.42%...NICE !!!!

Indices closed UP @ high of the day, a very strong follow through day. Jobs report was just right which was slightly below expectations. A rate cut is a given for October meeting as articulated by Fed chief today.

S&P 500 @ 2952.01, high 2953.74, low 2918.56

RSI @ 49.21

CMF @ 0.129

Internals were :

UP volume led by 3.31 to 1 in NYSE & 2.67 to 1 in Nasdaq

Advancing stocks led by 3.12 to 1 in NYSE & 2.26 to 1 in Nasdaq

Net new 52 wk highs were leading by 42 in NYSE & lows by 47 in Nasdaq

VIX Down 10.88% @ 17.04

Oil @ $52.81

Gold @ $1512.90

Canadian $ .6663

Stocks which were UP 1% or more included AMD LSCC
JKS FSLR JKS SPWR MRVL IQ MU LRCX AAPL 
SPLK VICR AMAT GOOG OLED QRVO WB
GS MA ORCL MS SINA MSFT SWKS 
CMG XLNX V......

Here is my portfolio weighting :

AMD         29.50%

CIEN        23.50%

TWTR      20.50

BZUN     13.70%

LSCC     12.80%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed