Monday, March 18, 2019

Indices closed UP .25% to .37%....NICE !!!!

Indices closed UP.

S&P 500 @ 2832.94, high 2835.41, low 2821.99

RSI @ 67.94

CMF @ 0.103

Internals were :

UP volume led by 2.52 to 1 in NYSE & 1.76 to 1 in Nasdaq

Advancing stocks led by 2.19 to 1 in NYSE & 1.65 to 1 in Nasdaq

Net new 52 wk highs were leading by 144 in NYSE & 78 in Nasdaq

VIX UP 1.71% @ 13.10

Oil @ $59.09

Gold @ $1301.50

Stocks which were UP 1% or more included BZUN
LULU AMZN HUYA IQ MTCH ROKU ALDR
CHK TK RIG LNG FSLR SPWR JKS GS
MS SU MSFT ULTA NKE CMG.....

AH news...LITE Down 4.52%, LSI UP 4.99%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed UP near high of the day. Internals were all positive. Market has the feel that it wants to go higher despite issues with BA FB & TSLA. Fed decision on Wednesday will be a non event as it maintains dovish tone. Market should coast higher from here.

BLOG does NOT give buy or sell.

Saleem

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