Monday, March 26, 2018

Indices closed UP 2.72% to 3.26%...NICE !!!!

Indices closed UP.

S&P 500 @ 2658.55, high 2661.36, low 2601.81

RSI @ 42.59

CMF @ -0.176

Internals were :

UP volume led by 6.51 to 1 in NYSE & 4.14 to 1 in Nasdaq

Advancing stocks led by 3.30 to 1 in NYSE & 2.49 to 1 in Nasdaq

Net new 52 wk lows were leading by 168 in NYSE & 48 in Nasdaq

VIX Down 15.44% @ 21.03

Oil @ $65.55

Gold @ $1355.00

Stocks which were UP 4% or more included BZUN FSLR NVDA
AAPL WB AMZN BABA BAC AMAT JKS LRCX MSFT 
NFLX ROHU SPWR ALDR TRIP MGA MS TNA X.....

AH news...RHT UP 5.06%, OSTK Down 9.42%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE reacted aggressively to " quiet diplomacy " to resolve trade issues. Indices closed near high of the day, most internals were positive. We are all set to resume back to back gains in market. Technicals were so washed out, this quick bounce was predictable. Same old same old stocks are going UP the most.

BLOG does NOT give buy or sell.

Saleem




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