Indices closed UP 1.11% to 1.40%....NICE !!!!

Indices closed UP.

S&P 500 @ 2163.26, high 2170.10, low 2125.35

RSI @ 59.58

CMF @ -0.110

Internals were :

UP volume led by 2.69 to 1 in NYSE & 1.93 to 1 in Nasdaq

Advancing stocks led by 1.24 to 1 in NYSE & 2.59 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq

VIX Down 23.27% @ 14.38

Oil @ $45.27

Gold @ 1273.50

Stocks which were UP 1% or more included CNQ TWLO WB
AKS ACIA GWPH NTES QRVO ZYNE TRIL TWTR 
LULU VRX NTNX KGC DNKN FFIV FNSR TK
CHK RIG AMCC CIEN FCX WYNN GS MS
DATA ORCL SLW AEM AAL X M PANW...

AH ER..NTES Down 5.11%, SPWR Down 2.14%

AH Futures Mixed

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE took off after open on conciliatory tone of contestants in the wake of election outcome. Technical health of market is looking outstanding, all indices are above 50 DMA, Dow is ready to take all time high, its only 80 points away. Tech leaders did not behave well @ all, some are caught in partisanship and some on overseas production issue, while some may benefit on repatriation of $ under low tax rate, all this cross current on day one caught some flat footed. Many stocks in new sectors can be bought still.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed