Indices closed UP 1.51% to 1.81%....NICE!!!

 Indices closed UP.

S&P 500 @ 3351.60, high 3360.74, low 3332.91

RSI @ 50.25

CMF @ -0.026

Internals were :

UP volume led by 4.48 to 1 in NYSE & 3.48 to 1 in Nasdaq

Advancing stocks led by 5.28 to 1 in NYSE & 3.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 50 in NYSE & 28 in Nasdaq

VIX Down .72% @ 26.19

Oil @ $40.60

Gold @ $1882.30

Canadian $ @ .6617

In my portfolio added 100% FCX @ $15.55

Portfolio AAL APA CCL AG FCX MGM SU

Stocks which were UP 3% or more included AAL APA FCX SU

CSIQ SNOW MRVL NXPI DADA SNAP DKNG GAN DAL

NTAP UBER KBH ENPH SEDG FSLR SPWR JKS KRA

DHI PHM RUN WB XLNX BZUN TSLA UAL CRUS

SLB SINA ULTA SWKS X.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong and closed near high of the day in S&P 500 which is always a better representative of broad strength of market as it is based on 500 stocks vs 100 in Nasdaq and only 30 in DOW. Internals were strong and today's rally was broad based means most sectors participated in this strong day. Today's tone of market was not based on rotation but was broad based which we want because this type of market has staying power of uptrend.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed