Indices managed to stage a rebound from two days of minor selling.
S&P 500 closed @ 1461.02
RSI @ 61.32
CMF @ 0.105
Internals were :
UP volume led by 1.28 to 1 in NYSE & 1.79 to 1 in Nasdaq
Advancing stocks led by 2.13 to 1 in NYSE & 1.90 to 1 in Nasdaq
Net new 52 wk highs were leading by 276 in NYSE & 127 in Nasdaq
VIX closed UP 1.40% @ 13.81
Oil closed @ $93.10
Gold closed @ $1655.50
Stocks which were UP 1% or more included CF,TCK,
FB,HMC,SCCO,POT,LEN,PANW,BIDU,DNKN,
COH,LNKD,MA,V,MU,BRCM,QCOM,MOS,
FSLR,MON,X,STLD,CCJ,MLNX,AGU.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Chinese Export data is extremely bullish for market, it rose 14.1% far above expectations of 4%. Market is looking all set to go higher.This has been an unpredictable market for most, BUT some faith in the TAPE has been extremely productive. This market has a tendency to tame euphoria & turns UP when there is little hope. Looking forward to nice TAPE action on Thursday.
BLOG does NOT give buy or sell.
Saleem
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