Indices closed UP.
S&P 500 @ 1978.35, high 1978.35, low 1937.09
RSI @ 60.26
CMF @ 0.147
Internals were :
UP volume led by 3.65 to 1 in NYSE & 4.51 to 1 in Nasdaq
Advancing stocks led by 4.78 to 1 in NYSE & 3.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & lows by 14 in Nasdaq
VIX Down 13.87% @ 17.70
Oil @ $34.40
Gold @ $1230.80
Stocks which were UP 2% or more included
BIDU CNQ CTSH FB MSFT SBUX V
PANW SPLK GOOG NTES PCLN AAPL
AMZN LVS WYNN LEN NXPI NFLX YHOO
EXPE SU YUM FFIV MA VDSI BABA YELP CRUS
MU AMCC CIEN LRCX FEYE AAL QRVO DATA CSOD
MGA ORCL MS CTRP GS AGU TRIP......
AH ER...ROST UP 1.33%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was extremely strong and made higher highs and closed @ absolute high of the day. We closed well above much talked about 1960 area, now CNBC gurus have given us a new much higher collapse area of 2025, as every other prediction have come and gone. Internals were strong. Most sector participated in this rally which is a good thing. Do not hesitate to add stocks on any weakness which i am doing frequently.
BLOG does NOT give buy or sell.
Saleem
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