TAPE tells the REAL story !!!!!

Today markets came ROARING back with more conviction on all count.

Here is the breakdown of markets strength:

.............................NYSE.............Nasdaq
Total volume.........1415.39m.........845.8m
UP volume............1159.53m.........672.74m
Down volume..........243.61m........166.30m
Advance......................2539...........2087
Decline.........................744............888
New Highs.....................128.............89
New Lows.......................16.............65

What is interesting to see that UP volume was 4.75 times of down volume on NYSE.
On Nasdaq the UP volume was 4.045 times of down volume.

Advance decline was also very much in the BULLISH category...in New York it was 3.41 to 1 advance lead...in nasdaq it was 2.35 to 1 lead.

This is extremely significant after thursday's major selloff.

After a long time I have seen SO Many GREEN tickers.....with multiple points move.

Today's Up move was a major confidence builder for those traders ...who ALWAYS SEE GLASS HALF EMPTY $$$$$$$$$$.

On my Saturday post I will be highlighting Strong stocks as per technicians.

I am sure most of US benefitted from today's TAPE.

Please do your due diligence for next week.

BLOG does not give buy or sell.

Saleem