Wednesday, January 9, 2013

Indices closed UP .27% to .46%.....NICE !!!!

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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