Indices closed UP after pessimism went into "overdrive".
S&P 500 closed @ 1285.50, high was 1287.62
RSI 32.46
Internals were :
UP volume led by 4.15 to 1 in NYSE & 2.76 to 1 in Nasdaq
Advancing stocks led by 2.82 to 1 in NYSE & 1.98 to 1 in Nasdaq
New 52 wk low lead narrowed, led by 15 in NYSE & 28 in Nasdaq
VIX Down 5.51% @ 24.68
Oil closed @ $84.29
Gold closed @ $1616.90
Stocks which were UP 2% or more included LNKD,LVS,LEN,
KORS,APKT,CLF,TCK,LRCX,MU,BRCM,VECO,JDSU,
CIEN,FNSR,C,SNDK......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market,S&P 500 & Nasdaq made it two in a row. Volume was low. Wednesday we should be well above 200 DMA in S&P 500. Market should have a steady climb up, until skeptics join the party.
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Nice very nice
as for market it is roaring up in PM
Hurray
apple up $6--great!
My T is rolling up
VBTA
Hi C,
Market looking very good...what happened to 10% further correction?
Saleem
SALEEM
J Cramer showed charts of a further 10% correction
Yeks
This time I did not take it to heart--at all....
Your COH and LVS , LSI are popping! Yahoo
I can nit believe that oils and nat gas is so up today
ERF, LINE, CNQ --I one and have been bleed now for some recovery..
My my foolish J the Cramer
C
Hi C,
Nobody can tell market what to do...but JC keeps trying & misleading thousands....
I am sure..he will be all SMILES tonight.....
Saleem
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