Indices closed UP.
S&P 500 @ 2783.30, high 2784.00, low 2747.61
RSI @ 59.00
CMF @ 0.145
Internals were :
UP volume led by 5.35 to 1 in NYSE & 4.87 to 1 in Nasdaq
Advancing stocks led by 3.69 to 1 in NYSE & 3.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 28 in Nasdaq
VIX Down 10.72% @ 14.33
Oil @ $56.79
Gold @ $1291.10
Stocks which were UP 2% or more included AMD TSLA TWTR
SHOP AMZN HUYA BIDU WB IQ FEYE ROKU AAPL V X
M SPLK FSLR AMAT BABA CIEN FFIV GOOG JKS NFLX
OLED PANW YY NTNX RIG SPWR YELP MLNX MSFT...
AH futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE ignored BA crash and went about buying stocks after they were oversold. Economic data also helped, NVDA outbidding INTC for MLNX also added fuel to this rally. We closed @ high of the day. Internals were very strong with UP volume leading the way with 5.35 to 1 UP volume. All around it was a powerful rebound.
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Stocktrade,
Bought a starting position in BZUN @ $35.00.
Saleem
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