Indices closed UP.
S&P 500 @ 2349.25, high 2351.30, low 2334.81
RSI @ 78.01
CMF @ 0.339
Internals were :
UP volume led by 1.65 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 1.44 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 262 in NYSE & 237 in Nasdaq
VIX UP 11.45% @ 11.97
Oil @ $53.11
Gold @ $1223.10
Stocks which were UP 1% or more included CY
NTES QRVO PI BAC VRX C OLED TWTR
UA JKS LEN NFLX CSIQ EXPE EBAY
SU FFIV FSLR WYNN MLNX DATA
SWIR CSOD CRUS NFLX KBH
OPK AAL.....
AH ER...NTES UP 6.93%, TRIP Down 5.6%
SPWR Down 5.24%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE continues its bull run by closing @ another all time highs. Internals were strong. It is a broad based rally with more participation in advancing stocks. Stay in diversified mode. VIX action was extremely surprising, jumping 11.45% when indices closed @ high of the day, strange contradiction. Keep an eye on your gains @ this stage.
BLOG does NOT give buy or sell.
Saleem
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