Monday, May 15, 2017

Indices closed UP .41% to .46%....NICE !!!!

Indices closed UP.

S&P 500 @ 2402.32, high 2404.05, low 2393.94

RSI @ 63.71

CMF @ 0.225

Internals were :

UP volume led by 3.70 to 1 in NYSE & 1.96 to 1 in Nasdaq

Advancing stocks led by 3.10 to 1 in NYSE & 2.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 126 in NYSE & 162 in Nasdaq

VIX UP .19% @ 10.42

Oil @ $48.85

Gold @ $1230.00

Stocks which were UP 1% or more included CNQ CY OCLR
SWIR IAG TWTR NTES FNSR OLED SWKS QRVO
NVDA VRX AMD FCX LEN EXPE SU FFIV TK
RIG LNG FEYE YELP FSLR SPWR CIEN GS
MLNX MA DATA CSOD MGA MS SNAP
SLW CRUS KBH CMG AAL PANW
LRCX.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, Indices closed near high of the day on higher oil and higher Chinese growth. S&P 500 & Nasdaq closed @ new all time high. Internals were strong. Nasdaq leaders rested while other stocks especially SOX took the leadership role.  Oil stocks were UP. Looks like momentum is building again in the TAPE.

BLOG does NOT give buy or sell.

Saleem

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