Indices closed near high of the day.
S&P 500 @ 1998.30, high 1999.30, low 1978.63
RSI @ 53.82
CMF @ 0.133
Internals were :
UP volume led by 2.00 to 1 in NYSE & 2.92 to 1 in Nasdaq
Advancing stocks led by 1.44 to 1 in NYSE & 2.01 to 1 in Nasdaq
Net new 52 wk lows were leading by 105 in NYSE & 91 in Nasdaq
VIX Down 11.12% @ 13.27
Oil @ $92.80
Gold @ $1219.50
Stocks which were UP 1% or more included LULU MU SWIR
JCP YY YELP TWTR EXPE YHOO LNKD BIDU PCLN
GOOGL BABA WUBA COH KOG CSIQ AMZN
CMG SINA DNKN FFIV MA WB FSLR
SPWR ONVO YNDX HIMX ARUN
SNDK AMCC JDSU NFLX M
PANW SPLK SBUX MCD
DATA CSOD WYNN
GS TRIP MLNX....
AH ER JBL UP 4.46%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, tape was strong on oversold condition. Internals improved but still weak on 52 wk picture. We need another follow through day to see IF this rally has legs. Diversified portfolio has a better chance of surviving volatility.
BLOG does NOT give buy or sell.
Saleem
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