Tuesday, April 10, 2018

Indices closed UP 1.67% to 2.07%...NICE !!!!

Indices closed UP.

S&P 500 @ 2656.87, high 2665.35, low 2635.78

RSI @ 48.75

CMF @ -0.252

Internals were :

UP volume led by 6.59 to 1 in NYSE & 2.95 to 1 in Nasdaq

Advancing stocks led by 3.16 to 1 in NYSE & 3.93 to 1 in Nasdaq

Net new 52 wk highs were leading by 22 in NYSE & 34 in Nasdaq

VIX Down 5.97% @ 20.47

Oil @ $65.51

Gold @ $1315.90

Stocks which were UP 2% or more included NVDA SNAP SQ
SPLK HAL FB CTRP MU BIDU WB SHOP AMZN BABA
BAC CNQ AMD AMAT FCX FFIV LVS LRCX MA MRVL
MSFT NFLX QRVO SINA TECK TSLA TWTR NTNX
ALDR CHK TK RIG LNG YELP CIEN TRIP MLNX
FNSR ORCL OSTK CRUS ULTA SWKS TNA X
CNX......

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE enjoyed trade war being out of focus, Indices enjoyed a strong day and maintained strength into close. Internals were mostly strong except for CMF which is still negative. Nasdaq enjoyed a rare strongest day in a long time, all high fliers were back in demand, FB was the big catalyst when testimony began, Mark was well prepared with all the answers and came out very convincing.

BLOG does NOT give buy or sell.

Saleem

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