Wednesday, September 10, 2014

Indices closed UP .32% to .75%.....NICE !!!!

Indices turned UP after finding support near 50 DMA in S&P 500.

S&P 500 @ 1995.69, high 1996.66, low 1982.99

RSI @ 56.97

CMF @ 0.323

Internals were :

UP volume led by 1.25 to 1 in NYSE & 2.17 to 1 in Nasdaq

Advancing stocks led by 1.15 to 1 in NYSE & 1.57 to 1 in Nasdaq

Net new 52 wk highs were leading by 4 in NYSE & lows by 3

VIX Down 4.59% @ 12.88

Oil @ $91.67

Gold @ $1245.30

Stocks which were UP 1% or more MITL RAD
TSL YELP TWTR EXPE AAPL GRPN 
OWW RVBD KOG JKS CSIQ FFIV
V ONVO ARUN ZNGA BRCM
JDSU NFLX PANW GMCR
SPLK MCD CCJ DATA
C CSOD MS TRLA
Z GS TRIP...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE got many buyers near low of the day, Indices closed near high of the day which is a good sign for a follow through confirmation of this move. TAPE had a broad based participation & many sectors participated in this positive day. This pullback was only 1.40% in S&P 500. Only knock on today's TAPE is not so robust internals.

BLOG does NOT give buy or sell.

Saleem

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