Monday, October 21, 2019

Indices closed UP .21% to .91%....NICE !!!!

Indices closed UP.

S&P 500 @ 3006.72, high 3007.33, low 2995.35

RSI @ 58.30

CMF @ -0.058

Internals were :

UP volume led by 2.32 to 1 in NYSE & 2.07 to 1 in Nasdaq

Advancing stocks led by 1.95 to 1 in NYSE & 2.09 to 1 in Nasdaq

Net new 52 wk highs were leading by 184 in NYSE & 48 in Nasdaq

VIX Down 1.75% @ 14.00

Oil @ $53.31

Gold @ $1488.10

Stocks which were UP 2% or more included AMD SPWR TWTR
MOMO FB IQ HUYA NVDA MU LRCX WB ROKU VICR
FSLR CRON TLRY BABA NTNX WYNN MS OSTK
SWKS M.....

AH news....STMP UP 23.47%, CDNS UP 5.62%

                  PLAY Down 4.62%, AVLR Down 5.66%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong and closed @ high of the day. Internals were positive for the most part. It is not out of expectations to see this rally making series of new highs, earnings are driving this rally. Trade dispute has calmed down for now between US & China. No negative tweets are also helping this market, 3 positives working for now.

BLOG does NOT give buy or sell.

Saleem

No comments: