Today was a classic "reversal day"......Down sharply @ open then closing @ high of the day in all indices......
Dow closed above 50 DMA...which is "extremely significant"...
S&P 500 is only 5 points away from 50 DMA.....while Nasdaq is only 18 points away....
Internals of the market were strong......
Feel sorry for Guy Adami who has been looking for 850 in S&P 500 for almost a year..he is on "trauma leave" today.....
One of these days Brian Kelly will actually talk sense on live TV.....
AH we had great ER from AAPL & VMW.....both UP sharply AH..AAPL UP $7.31 on 5.69 million shares..VMW UP $3.83 on 703,505 shares
BIDU reports AH Wed..expecting a beat.....
AH Futures Mixed
AH Asian markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
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