Indices closed UP .62% to 1.43%....NICE !!!!

Indices closed UP.

S&P 500 @ 3066.59, high 3079.76, low 2965.66

RSI @ 53.69

CMF @ 0.156

Internals were :

UP volume led by 1.99 to 1 in NYSE & 2.37 to 1 in Nasdaq

Advancing stocks led by 1.98 to 1 in NYSE & 2.69 to 1 in Nasdaq

Net new 52 wk highs were leading by 33 in NYSE & 51 in Nasdaq

VIX down 4.68% @ 34.40

Oil @ $37.12

Gold @ $1727.20

Canadian $ @ .6378

In my portfolio ...Added 50% AAL @ $16.60

Portfolio AAL CGC CIEN CNX MGM SU

Stocks which were UP 1% or more included CGC CIEN MGM
GOOS SHOP GOLD KL TOL APA ERI DKNG GAN ZM 
CRWD ESTC ENPH PDD JD NVAX CLDR SQ SEDG
EAT KRI UPS AMD TWTR TER DHI PHM VICR
IQ HUYA WB BYND LULU NIO NVDA TWLO 
TSLA AEM NEM LRCX FEYE YY CLVS MS
SNAP ORCL OSTK CMG X PANW....

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was under serious selling pressure with futures down about 1000 DOW points, after open went down almost 800 points and we found support, then came Fed support with new purchase. In case you are wondering what happened to pullback, there was a fast pullback in 5 trading days of 267.47  S&P 500 points or down 8.27%. Some of most determined bears are literally throwing their towel, they should have read Dr Marty Zweig famous book which highlights " never fight the Fed "...expect a 4 digit rally on Tuesday!

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed