Indices closed UP .12% to 1.05%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2457.59, high 2460.31, low 2443.77

RSI @ 52.94

CMF @ -0.028

Internals were :

UP volume led by 1.23 to 1 in NYSE & 2.15 to 1 in Nasdaq

Advancing stocks led by 1.67 to 1 in NYSE & 1.69 to 1 in Nasdaq

Net new 52 wk highs were leading by 26 in NYSE & 65 in Nasdaq

VIX Down 4.10% @ 11.22

Oil @ $45.96

Gold @ $1314.10

Stocks which were UP 2% or more included MOMO
NFLX BIDU MCHP NTES BABA OLED AMD 
JKS QRVO MRVL TRIP SHOP CRUS SWKS
X PANW.....

AH ER....BOX Down 3.92%, SMTC Down 13.57%
                SCVL UP 16.63%

CTRP reported a beat in Sales and EPS, here are the actual numbers :

Sales actual $953.13 million, expected $945.07 million, beat by $8.06 million

EPS actual 22 cents, expected 20 cents , beat by 2 cents

CTRP guiding Sales to be UP between 35 to 40% yoy

Stock UP 1.06% in AH......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE turned UP right after open and never looked back, indices closed near high of the day. All major indices are above 50 DMA, a sign of technical strength. CMF has turned positive for Nasdaq. Most stock participated in today's rally. Even beaten down stocks like NTES & MOMO got active buying. Chinese PMI is above forecast @ 51.7%, should be a big positive for Chinese exposure stocks.

BLOG does NOT give buy or sell.

Saleem