Indices closed UP .43% to 1.00%....NICE !!!!

Indices closed UP

S&P 500 @ 2151.33, high 2154.79, 2146.91

RSI @ 51.01

CMF @ 0.070

Internals were :

UP volume led by 1.31 to 1 in NYSE & 2.34 to 1 in Nasdaq

Advancing stocks led by 1.51 to 1 in NYSE & 1.47 to 1 in Nasdaq

Net new 52 wk highs were leading by 99 in NYSE & 74 in Nasdaq

VIX Down 2.40% @ 13.02

Oil @ $50.52

Gold @ $1263.70

Stocks which were UP 2% or more included AMD AMZN
ACIA BIDU QRVO OLED MSFT SINA FNSR YELP
CRUS CSOD......

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold Unchanged

About market, TAPE was strong and closed near high of the day, internals were all positive. Nasdaq leaders closed @ high of the day. Mergers invoked a vote of confidence in valuation of this market. S&P 500 & Dow are ready to climb over 50 DMA, which will be a strong technical indicator. It is all about AAPL after close on Tuesday, lot of concern about valuation and different metrics like iphone sales number. CMG is another beaten down stocks reporting AH on Tuesday. It is never easy to play earnings, but i am in both stocks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed