Indices closed UP .90% to 1.36%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2452.51, high 2454.77, low 2433.67

RSI @ 49.38

CMF @ 0.059

Internals were :

UP volume led by 3.10 to 1 in NYSE & 2.65 to 1 in Nasdaq

Advancing stocks led by 2.66 to 1 in NYSE & 2.40 to 1 in Nasdaq

Net new 52 wk highs were leading by 31 in NYSE & lows by 22 in Nasdaq

VIX Down 13.95% @ 11.35

Oil @ $47.64

Gold @ $1291.00

Stocks which were UP 2% or more included NVDA
SNAP WB BABA FNSR MU TWTR CY FCX
SBUX QRVO TK RIG FEYE MLNX FNSR
SHOP X M LRCX.....

In my portfolio :

Sold FB @ $169.49

Added 100% MOMO @ $36.38

Added 225% CTRP @ $52.49

AH ER....CREE Down 8.38%, CRM Down 1.31%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, Indices were strong and closed near high of the day. All major indices closed above 50 DMA, this is a major reversal from weak technical picture before. CMF is positive in all indices. Strong technology stocks were in high demand again. This was Nasdaq first day of gain and it gapped UP @ open. Hopefully, we will get confirmation of Nasdaq technical health by closing higher on Wednesday.

BLOG does NOT give buy or sell.

Saleem