Indices closed UP 2.15% to 2.89%....NICE !!!!

Indices closed UP.

S&P 500 @ 2809.92, high 2813.45, low 2766.91

RSI @ 41.67

CMF @ -0.230

Internals were :

UP volume led by 5.51 to 1 in NYSE & 5.58 to 1 in Nasdaq

Advancing stocks led by 5.17 to 1 in NYSE & 4.02 to 1 in Nasdaq

Net new 52 wk lows were leading by 103 in NYSE & 69 in Nasdaq

VIX Down 17.28% @ 17.62

Oil @ $71.92

Gold @ $1231.00

Stocks which were UP 3% or more included AMD ESTC FB
NVDA SPLK SQ MTCH VICR FSLR HUYA BZUN EAF
AMAT AMZN CRUS BABA CIEN CSIQ NFLX OLED 
QRVO SHOP TSLA TWTR WB NTNX ROKU CHK 
FEYE YELP GS TRIP FNSR MA MS MSFT TSM
NKE KBH V AAL.....

AH news...VICR UP 21.58%, NFLX UP 10.88%

                  LRCX UP 7.04%, IBM Down 4.71%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was in bullish overdrive as market has discounted many things to a large extent. Internals were extremely powerful with better than 5 to 1 positive action. We may catch some breath tomorrow which must not be taken negatively. Earnings tonight are also strong from NFLX and LRCX which is a leading indicator for semiconductor industry.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed