Tuesday, 20 December 2016

Indices closed UP .36% to .49%...NICE !!!!

Indices closed UP.

S&P 500 @ 2270.76, high 2272.56, low 2266.14

RSI @ 70.63

CMF @ 0.040

Internals were :

UP volume led by 2.37 to 1 in NYSE & 1.82 to 1 in Nasdaq

Advancing stocks led by 1.84 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new 52 wk highs were leading by 168 in NYSE & 210 in Nasdaq

VIX Down 2.22% @ 11.45

Oil @ $52.23

Gold @ $1133.60

Stocks which were UP 1% or more included AMD BAC FCX TECK
MU AKS C PI NVDA NEFF UA LULU COH TSLA YHOO AGU
BABA YELP CIEN GS MS TRIP AAL X M....

AH ER...NKE UP 1.87%, FDX Down 3.34%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE continued its bull run and in the process made another new all time highs in Dow & Nasdaq. Internals of the market was strong, new highs expanding. Most sector participated in today's rally. commodities stocks were back in vogue, some technology stocks were super strong. Balanced portfolio outperforms in a day like today. Much anticipated 20,000 is in the bag and it is going further north.

BLOG does NOT give buy or sell.

Saleem

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