Tuesday, October 10, 2017

Indices closed UP .11% to .31%....NICE !!!!

Indices closed UP.

S&P 500 @ 2550.64, high 2555.53, low 2544.86

RSI @ 74.04

CMF @ 0.479

Internals were :

UP volume led by 1.70 to 1 in NYSE & 1.42 to 1 in Nasdaq

Advancing stocks led by 1.90 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new 52 wk highs were leading by 195 in NYSE & 219 in Nasdaq

VIX Down 2.42% @ 10.08

Oil @ $50.92

Gold @ $1293.80

Stocks which were UP 1% or more included AMD
NVDA BIDU LULU TSLA JD MOMO MU UA
SWIR TECK TK FSLR MGA KBH CMG M
AAL PANW.....

AH news.... MU Down 4.50%, CUDA Down 6.76%
                    
AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE started strong then faded but came back in the upper range. S&P 500, Dow and Nasdaq made new all time high.FANG stayed out in the rally again.Many Chinese stocks are making new highs particularly BIDU which is on a major bull run due to margin expansion.Internals improved and looking healthy. IF we can get another day of this UP move, we may have some room to run.

BLOG does NOT give buy or sell.

Saleem

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