Indices closed UP 1.46% to 2.06%....NICE !!!!!

Indices closed UP.

S&P 500 @ 2673.45, high 2674.35, low 2649.97

RSI @ 42.47

CMF @ 0.062

Internals were :

UP volume led by 2.84 to 1 in NYSE & 3.68 to 1 in Nasdaq

Advancing stocks led by 1.80 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new 52 wk lows were leading by 189 in NYSE & 101 in Nasdaq

VIX Down 12.17% @ 18.90

Oil @ $51.63

Gold @ $1222.40

Stocks which were UP 4% or more included SQ NVDA
SHOP CTRP JKS SPWR TSLA TWTR WB NTNX
YELP WYNN LVS TRIP MA AMZN......

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE closed @ high of the day which is a good start in this deeply oversold market. Tonight futures are down BUT IF we can close in green on ' turnaround Tuesday " then we have confirmation that selling was way overdone on December tightening. FANG came to life which IS a good thing, black Friday & Cyber Monday was above expectations, so all is not bad on Wall & Broad.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed