Thursday, March 21, 2019

Indices closed UP .84% to 1.42%....NICE !!!!

Indices closed UP.

S&P 500 @ 2854.88, high 2860.31, low 2817.38

RSI @ 70.19

CMF @ 0.073

Internals were :

UP volume led by 1.98 to 1 in NYSE & 2.24 to 1 in Nasdaq

Advancing stocks led by 2.45 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new 52 wk highs were leading by 206 in NYSE & 82 in Nasdaq

VIX Down 2.01% @ 13.63

Oil @ $59.98

Gold @ $1307.30

Stocks which were UP 3% or more included AMD BZUN SQ
MU LULU NVDA ROKU AAPL AMAT CRUS LRCX
OLED QRVO NYNX ALDR SWKS....

AH news......NKE Down 4.69%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE has been on its own journey to taking many resistance out, SOX took out 52 wk high and is only 5 points away from all time high, an incredible breakout considering all the slowdown talk. MU lit the fire in SOX by beating Sales & EPS. Internals were strong also. Expect sideline money to be in the market now. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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