Indices closed UP .30% to .39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2262.03, high 2272.12, low 2253.77

RSI @ 69.55

CMF @ 0.114

Internals were :

UP volume led by 1.49 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 1.30 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new 52 wk low were leading by 12 in NYSE & highs by 102 in Nasdaq

VIX Down 3.03% @ 12.79

Oil @ $50.90

Gold @ $1129.80

Stocks which were UP 1% + AMD BAC CMG TECK
AKS C FNSR PI NVDA OLED QRVO NFLX SU
FFIV MA TK RIG LNG MU GS CRUS LRCX
CNX.....

AH ER...ORCL Down 2.15%, AGIO Down 19.38%
               JBL UP 10.48%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a nice recovery from fed induced sell yesterday. Most sectors  participated in today's rally except Gold & Silver. This TAPE has so much momentum that we are far from being fully allocated by institutions. Stay with your high comfort stocks. Rally has broadened out to include well known technology stocks. Friday being weekly and monthly option expiry, should provide positive action. There is a closing BLOG only around 7 PM on Friday's.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed