Thursday, September 5, 2013

Indices closed UP .04% to .27%...NICE !!!

Indices closed UP three days in a row.

S&P 500 @ 1655.08, high 1659.17

RSI @ 48.48

CMF @ -0.138

Internals were :

UP volume led by 1.57 to 1 in NYSE & 2.46 to 1 in Nasdaq

Advancing stocks led by .89 to 1 in NYSE & 1.54 to 1 in Nasdaq

Net new 52 wk highs were leading by 53 in NYSE & 88 in Nasdaq

VIX Down .69% @ 15.77

Oil @ $108.37

Gold @ $1373.00

Stocks which were UP 1% or more included ANR CLF KOG MU
QIHU YY SPWR CSIQ JCP M LNKD FB SINA RDN
BBRY SU HMC FFIV GRPN CRUS SNDK X
BRCM AMCC JDSU FNSR CCJ MGA.....

AH ER....RALY UP 6.36%, FNSR UP 6.44%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, it is all about jobs report which is expected to be 
180 K, my guess is that we may come close to the expectations. no matter what the jobs number is Fed may proceed with taper as economy has improved. I expect TAPE to be positive by close.

BLOG does NOT give buy or sell.

Saleem

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