Monday, February 12, 2018

Indices closed UP 1.39% to 1.70%....NICE !!!!

Indices closed UP.

S&P 500 @ 2656.00, high 2672.61, low 2622.45

RSI @ 40.49

CMF @ -0.029

Internals were :

UP volume led by 4.58 to 1 in NYSE & 3.16 to 1 in Nasdaq

Advancing stocks led by 2.80 to 1 in NYSE & 1.90 to 1 in Nasdaq

Net new 52 wk lows were leading by 67 in NYSE & 17 in Nasdaq

VIX Down 11.87% @ 25.61

Oil @ $59.29

Gold @ $1326.40

Stocks which were UP 2% or more included FSLR
SHOP WB BIDU MRVL MOMO TSM LRCX
AAPL NFLX AMD OLED MU BAC MS JKS
TECK AMZN CSIQ TWLO TK FEYE TNA
SPLK KBH AAL X CNX......

AH news...VIPS UP 10.56%, VECO UP 4.64%

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE came back to its old routine of higher open and kept going UP and closed near high of the day. Internals were strong while new lows still maintained lead over new highs. It is technically important to close green on Tuesday to confirm this up move.

BLOG does NOT give buy or sell.

Saleem

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