Indices closed near high of the day on higher oil & jobs data.
S&P 500 @ 2025.90, high 2029.61, low 2005.55
RSI @ 44.75
CMF @ -0.129
Internals were :
UP volume led by 3.24 to 1 in NYSE & 2.72 to 1 in Nasdaq
Advancing stocks led by 3.21 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & lows were leading by 8 in Nasdaq
VIX Down 8.57% @ 19.31
Oil @ $48.65
Gold @ $1210.70
Stocks which were UP 1% or more included NXPI
BITA LEN JCP OTEX LNKD BIDU KORS
AAPL LULU COH LVS AMZN DNKN
CMG YUM FFIV MA V FEYE MCD
FSLR SPWR HIMX LSCC JDSU
PANW M GMCR SBUX MGA
STLD CSOD MS TRLA Z
WYNN GS AGU TRIP....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE got an oversold bounce with relief from oil being UP. Hopefully, we will get a confirmation of this rally with another green close. Many strong stocks are @ very attractive price in this selling. Chinese stocks are getting a bid also. At start of any rally there are skeptics, which is a good thing for good TAPE action. Be patient with this rally as we may get close to new all time highs.
BLOG does NOT give buy or sell.
Saleem
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