Tuesday, August 7, 2018

Indices closed UP .28% to .50%...NICE !!!!

Indices closed UP.

S&P 500 @ 2858.45, high 2863.43, low 2855.92

RSI @ 66.81

CMF @ 0.137

Internals were :

UP volume led by 1.18 to 1 in NYSE & 1.01 to 1 in Nasdaq

Advancing stocks led by 1.20 to 1 in NYSE & 1.29 to 1 in Nasdaq

Net new 52 wk highs were leading by 138 in NYSE & 63 in Nasdaq

VIX Down 3.02% @ 10.93

Oil @ $69.17

Gold @ $1218.30

Stocks which were UP 2% or more included BZUN HUYA IQ
CRUS DQ MOMO NEW OLED CSIQ JKS LEN TSLA
TK FNSR KBH......

AH news....AAOI UP 23.02%, NVTA UP 8.83%

                  VSLR Down 5.41%, CUTR Down 15.93%

AH futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE continues its bull run despite trade war with China, Iran sanctions and imminent higher interest rates. Nasdaq is having a mini bull run of its own UP 6 days in a row. S&P 500 ready to take out its old all time high maybe tomorrow. All seems well on Wall & Broad.

BLOG does NOT give buy or sell.

Saleem

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