Indices closed UP 1.32% to 1.68%.....NICE !!!!!

Indices closed UP.

S&P 500 @ 2159.04, high 2163.30, low 2119.12

RSI @ 46.09

CMF @ 0.165

Internals were :

UP volume led by 6.09 to 1 in NYSE & 6.43 to 1 in Nasdaq

Advancing stocks led by 2.61 to 1 in NYSE & 2.63 to 1 in Nasdaq

Net new 52 wk lows were leading by 2 in NYSE & 18 in Nasdaq

VIX Down 13.37% @ 15.16

Oil @ $46.29

Gold @ $1325.60

Stocks which were UP 2% or more included GG VRX
NTES UA EGO AAPL LVS V KGC QRVO NFLX
EXPE MA CHK MU LRCX TCK SLW AEM
CRUS MS FCX WYNN TRIP.....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE reacted to what fed takes then fed gives back also, most influential member of fed came to rescue, and everybody smiled as if nothing happened on Friday.Indices closed near high of the day. Internals were mostly positive.Fed give and take is over, now TAPE has to stand on its own two feet. Damage was done on Friday, it was a break in technicals, it could take more than few days to get its act together. Negativity will give buying opportunities as we go towards fed meeting.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed