Indices closed UP but well below high of the day.
S&P 500 @ 1936.92, high 1944.90, low 1933.43
RSI @ 45.21
CMF @ -0.045
Internals were :
UP volume led by 2.65 to 1 in NYSE & 4.15 to 1 in Nasdaq
Advancing stocks led by 2.80 to 1 in NYSE & 2.65 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 23 in Nasdaq
VIX Down 9.77% @ 14.23
Oil @ $98.08
Gold @ $1310.50
Stocks which were UP 1% or more included MU RAD SWIR
QIHU GTAT WUBA OTEX YY YELP EXPE LNKD
BIDU TSLA PCLN AAPL GRPN AG TSL JKS
CSIQ FSLR SPWR SINA CMG FFIV SLW
ONVO INVN HIMX CRUS LRCX
SNDK LSCC CIEN JDSU JCP
FNSR NFLX PANW SPLK
CSOD WLT.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was much stronger than headline numbers, internals further improved today. We have a confirmation of this UP move by closing higher. Many pundits are "over thinking" this move and they will suffer with their strategy. It is a slow & steady bull which has regained its momentum again. Stay the course & you should reap benefit.
BLOG does NOT give buy or sell.
Saleem
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