Indices closed UP 1.22% to 2.00%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2076.06, high 2079.67, low 2052.65

RSI @ 55.32

CMF @ 0.041

Internals were :

UP volume led by 2.93 to 1 in NYSE & 5.04 to 1 in Nasdaq

Advancing stocks led by 3.32 to 1 in NYSE & 3.67 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 49 in Nasdaq

VIX Down 8.85% @ 14.42

Oil @ $48.62

Gold @ $1229.20

Stocks which were UP 2% or more included BIDU JKS
CTRP NXPI GOOG SPWR NTES V LNKD MSFT 
LEN NFLX CSIQ YHOO SINA EXPE SU YUM
EBAY CHK SWN SSYS FEYE BABA FSLR
MU AMCC CIEN OLED LRCX UA MS
CRUS SWIR ZG MLNX.....

AH ER...HPE UP 11.88%, INTU Down 2.15%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was extremely strong and finished near high of the day, internals were strong across the board. Many sectors participated in this rally except Gold & Base metals, GLD RSI @ 37.66, should find support around here. Need a follow up day to get momentum going, seen too many one day wonders lately only to falter next day. Tech was the strongest sector today. 

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed