Tuesday, November 15, 2016

Indices closed UP .29% to 1.10%.....NICE !!!!

Indices closed UP

S&P 500 @ 2180.39, high 2180.84, low 2166.38

RSI @ 63.91

CMF @ 0.044

Internals were :

UP volume led by 2.49 to 1 in NYSE & 2.66 to 1 in Nasdaq

Advancing stocks led by 2.65 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 110 in NYSE & 174 in Nasdaq

VIX Down 7.67% @ 13.37

Oil @ $45.81

Gold @ $1224.50

Stocks which were UP 2% or more.....   AMD CNQ TWLO WB
AMZN GOOG ACIA NTES QRVO CTRP ABX VRX UA LVS 
NTNX JKS YHOO SINA DNKN EXPE SU EBAY FNSR 
CHK TK LNG YELP SPWR MU WYNN TRIP SWIR
CSOD MGA SLW AEM AAL LRCX....

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was strong and closed @ high of the day, Dow kept its new all time high mantra, but now S&P 500 is only 14 points away from a new all time high, Nasdaq only 68 points away from new all time high. Now most sectors are participating in this rally, this means that this rally is broadening its appeal, this is very healthy. Even shipping stocks are not so dry anymore. Expect this rally to continue further into all time high record book, as they say, we have only just begun.

BLOG does NOT give buy or sell.

Saleem

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