Indices closed UP after beige book gave a positive view of US economy.
S&P 500 @ 1653.08, high 1655.72, 50 DMA @ 1663.13
RSI @ 47.56
CMF @ -0.113
Internals were :
UP volume led by 3.72 to 1 in NYSE & 3.44 to 1 in Nasdaq
Advancing stocks led by 2.48 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 34 in NYSE & 53 in Nasdaq
VIX Down 4.39% @ 15.88
Oil @ $107.23
Gold @ $1390.00
Stocks which were UP 1% or more included CLF KOG MU
YY TCK JKS SPWR JCP M GMCR NFLX TSLA TIF
AMZN AAPL GOOG SINA YHOO CSIQ EXPE
BBRY CMG HMC EBAY LVS PCLN WPRT
ARUN CRUS LRCX SNDK BRCM TRLA
MOS KORS FNSR CIEN JDSU Z IBN
AMCC STLD AEM MGA YELP
MLNX....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is reacting to improving economic picture on a global basis.Internals are getting better on a daily basis. We had back to back gains which is technically positive. Politicians in US will take their sweet time in voting as focus will be back on their own political agenda & not on business @ hand.Market should move UP & take out 50 DMA.
BLOG does NOT give buy or sell.
Saleem
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