19:33
Unknown
TAPE staged a high volume reversal & closed UP.
S&P 500 @ 1842.98, high 1844.02, low 1816.29
RSI @ 47.13
CMF @ -0.012
Internals were :
UP volume led by 1.76 to 1 in NYSE & 1.46 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk lows were leading by 0 in NYSE & 96 in Nasdaq
VIX Down 3.10% @ 15.61, high 17.50
Oil $103.75
Gold $1300.30
AH ER INTC UP 1.53%, YHOO UP 6.84%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE made a huge reversal around 1PM & closed near high of the day. Dow closed above 50 DMA which is a good sign for market direction. We also got confirmation of this rally with back to back higher close. Chinese Q1 GDP came in @ 7.4% vs expectations of 7.3%. This is another reversal news from China. We are all set to make further UP move with S&P 500 heading above 50 DMA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1842.98, high 1844.02, low 1816.29
RSI @ 47.13
CMF @ -0.012
Internals were :
UP volume led by 1.76 to 1 in NYSE & 1.46 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk lows were leading by 0 in NYSE & 96 in Nasdaq
VIX Down 3.10% @ 15.61, high 17.50
Oil $103.75
Gold $1300.30
AH ER INTC UP 1.53%, YHOO UP 6.84%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE made a huge reversal around 1PM & closed near high of the day. Dow closed above 50 DMA which is a good sign for market direction. We also got confirmation of this rally with back to back higher close. Chinese Q1 GDP came in @ 7.4% vs expectations of 7.3%. This is another reversal news from China. We are all set to make further UP move with S&P 500 heading above 50 DMA.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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