Indices closed UP .11% to 1.29%...NICE !!!!

Indices closed UP.

S&P 500 @ 2842.74, high 2844.24, low 2797.85

RSI @ 53.22

CMF @ 0.091

Internals were :

UP volume led by .84 to 1 in NYSE & 1.99 to 1 in Nasdaq

Advancing stocks led by .92 to 1 in NYSE & 1.15 to 1 in Nasdaq

Net new 52 wk lows were leading by 1 in NYSE & highs were leading by 4 in Nasdaq

VIX Down 3.28% @ 35.97

Oil @ $20.39

Gold @ $1713.30

Canadian $ @ .5914

Portfolio AAL CIEN CNX CLDR DDOG MGM MU SU

Stocks which closed UP 1% or more included CIEN CNX DDOG
CCL JD AMD APA MSFT SHOP NVDA TSLA SNAP ROKU
CHK OSTK KBH X....

AH Tuesday SU reports, here are the expectations :

Q 1 Sales $7.54 billion, EPS from loss of 22 cents to profit of 50 cents

Guidance Q 2 Sales $7.03 billion, EPS from loss to gain of 36 cents

SU is a fully integrated Oil company of Canada from exploration to refining to retail gas stations under the banner of Petro Canada.....

SU remains my best idea for long term holding..expecting good thing going forward....
This earnings report may mark the low point...thus UP UP from here!

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under pressure due to Warren Buffett remarks, after opening sharply lower Nasdaq showed green first and other major indices followed, thus all green close and @ high of the day. Message of the market was " Warren you are too cautious "....Expect a robust Tuesday especially Oil stocks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed