Indices staged a rare two days back to back gain by closing @ High of the day.....
Nasdaq closed above 200 DMA....Dow & S&P 500 are next in line !!!!
This is extremely "significant" because we had below expectations data from China & US...BUT market "ignored" the shortfall..sign of a strong buying momentum.....
Internals of the markets were extremely impressive as listed below :
UP volume led by 2.08 to 1 in NYSE & 7.25 to 1 in Nasdaq
Advancing stocks led by 2.79 to 1 in NYSE & 2.76 to 1 in Nasdaq
New 52 wk highs were in the lead in both NYSE & Nasdaq
SO....what skeptics will focus on NOT the above stat.... BUT lowest volume of the week today.......
By noon Saturday, I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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