Indices closed UP near high of the day.
S&P 500 @ 2108.95, high 2111.98, low 2098.18
RSI @ 55.70
CMF @ -0.067
Internals were :
UP volume led by 2.39 to 1 in NYSE & 1.90 to 1 in Nasdaq
Advancing stocks led by 1.77 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 93 in Nasdaq
VIX Down 3.81% @ 13.37
Oil @ $53.04
Gold @ $1153.50
Stocks which were UP 2% or more included GPRO TWTR
AMBA GOOGL NXPI SWIR MU AMZN SPWR
SNDK AMCC Z...
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE remained strong and repaired further technical damage, S&P 500 & Dow are above 50 DMA, while Nasdaq is inching towards all time highs. Its Chinese GDP night which will follow the downward trend already established, there may be little to no reaction, as hope is further stimulus on the way. Stay the course with strong stocks and core position.
BLOG does NOT give buy or sell.
Saleem
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