Indices closed UP .91% to 1.62%....NICE !!!!

Indices closed UP.

S&P 500 @ 2852.50, high 2852.80, low 2766.64

RSI @ 51.87

CMF @ -0.087

Internals were :

UP volume led by 2.20 to 1 in NYSE & 2.07 to 1 in Nasdaq

Advancing stocks led by 1.20 to 1 in NYSE & .97 to 1 in Nasdaq

Net new 52 wk lows were leading by 101 in NYSE & 91 in Nasdaq

VIX Down 7.57% @ 32.61

Oil @ $27.56

Gold @ $1740.90

Canadian $ @ .5950

In my portfolio :

Sold CLDR @ $7.80

Bought JD @ $46.90

Portfolio AAL APA CNX JD MGM SU

Before open JD reports, here are the expectations :

Q 1 Sales $19.27 billion to $19.29 billion, EPS 9 cents to 11 cents

Guidance Q 2 Sales $24.91 billion, EPS 30 cents

Expecting a beat in Sales & EPS.....

Stocks which closed UP 2% or more included JD MGM
PINS MU AMD TER ASML QCOM XLNX LULU
NVDA TSM TWLO NEM LRCX CGC AMAT
EXPE CLVS SQ......

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was down sharply and closed @ high of the day 2766 area was the support for S&P 500. Most sectors went UP. Friday trading depends on High Frequency Traders but today's TAPE eliminated fears created by vested interest. Internals were mixed.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed