Indices closed UP 1.57% to 1.77%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2682.63, high 2685.43, low 2635.34

RSI @ 36.56

CMF @ -0.097

Internals were :

UP volume led by 3.44 to 1 in NYSE & 2.51 to 1 in Nasdaq

Advancing stocks led by 2.23 to 1 in NYSE & 2.09 to 1 in Nasdaq

Net new 52 wk lows were leading by 384 in NYSE & 207 in Nasdaq

VIX Down 5.47% @ 23.35

Oil @ $66.18

Gold @ $1225.30

Stocks which were UP 2% or more included   FB SQ ESTC
NVDA SPLK MTCH VICR FSLR AMAT CRUS BABA
CIEN CSIQ CTRP EAF EXPE LRCX LULU MRVL MU
OLED QRVO TWTR ROKU RIG FEYE LNG YELP
WYNN GS TRIP MLNX ORCL MCD SWKS TSM
NKE KBH CMG AAL M CNX........

AH news....IQ down 12.84%, BEAT UP 3.13%

                   FB UP 3.13%

FB reported a miss on revenue and user but beat EPS by a wide margin,listened to FB conference call, impression I got they are guiding revenue and EPS  lower than consensus for next 2 quarters due to higher expenses, higher investment and higher tax rates. Thus decided to sell FB in AH @ $152.00.

Also bought AAPL in AH @ $214.50
SQ bought @ $67.30 during reg hour.

Portfolio AAPL KORS SQ

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed near high of the day after some hesitation.Many stocks participated in today's rally. Internals were positive for the most part. We need confirmation of any UP move by a positive close next day, tomorrow close will confirm or deny that. This remains a very difficult TAPE,  FB in AH fluctuated wildly on same news low was $136.40 twice before & after conference call, high was $154.45 an $18 swing on same result?

BLOG does NOT give buy or sell.

Saleem