Indices closed UP .98% to 1.22%....NICE !!!!

Indices closed UP.

S&P 500 @ 2066.66, high 2071.88, low 2046.53

RSI @ 51.01

CMF @ 0.072

Internals were :

UP volume led by 5.17 to 1 in NYSE & 2.76 to 1 in Nasdaq

Advancing stocks led by 3.32 to 1 in NYSE & 2.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 153 in NYSE & lows by 23 in Nasdaq

VIX Down 2.39% @ 14.68

Oil @ $47.72

Gold @ $1274.20

Stocks which were UP 2% or more included BIDU CNQ 
NTES VRX ABX CTRP LNG PANW NXPI SPLK
AAPL GG CSIQ YHOO SU RIG FEYE BABA
AMCC.....

AH ER....MGA Down 9.39%, MTH UP 3.15%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong on oversold condition and oil being sharply higher. AAPL major buying propelled whole tech sector. Internals are looking strong. TAPE is extremely volatile, strategic buying and selling is the way to go. Diversification does help with volatility. Buy stocks with very high comfort level with good chart pattern.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed