Indices were ready to snapback despite ongoing headlines about debt issues in Europe...Futures were UP and we opened HIGHER on no new news......then traders on the KNOW started bidding this market UP on rumour of German bailout of Greece debt.......
Despite statement of denial by German minister..BUT some KNEW better & indices closed higher on HIGH volume...sometimes RUMOUR is more REAL than DENIAL......
Internals of market were healthy as listed below :
Advancing stocks led decliners by 29 to 8 in NYSE & 19 to 7 in Nasdaq
UP volume led by minimum of 70% to Down volume of about 30% of total in both exchange
A very ROBUST picture.......
AH BIDU ER was a beat & Guide UP...stock UP $38.57 to new 52 wk HIGH on AH volume
of 833K....
AH Futures are Green
AH Nikkei is UP 1.04%
AH Gold UP
AH Oil Down
Gold & Silver had a strong day
Commodities were strong today
Most sectors enjoyed strong close....
BLOG does NOT give buy or sell.
Saleem
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