Monday, December 16, 2019

Indices closed UP .36% to .91%...NICE !!!!

Indices closed UP.

S&P 500 @ 3191.45, high 3197.71, low 3183.63

RSI @ 71.11

CMF @ 0.280

Internals were :

UP volume led by 2.83 to 1 in NYSE & 2.04 to 1 in Nasdaq

Advancing stocks led by 2.39 to 1 in NYSE & 1.65 to 1 in Nasdaq

Net new 52 wk highs were leading by 455 in NYSE & 282 in Nasdaq

VIX Down 3.88% @ 12.14

Oil @ $60.21

Gold @ $1480.50

Stocks which were UP 2% or more included LSCC
HUYA AMD WB SQ BIDU TSLA LYFT MU
SHOP ROJU FSLR PRNB CTRP OLED
M CNX....

AH news...CLVS 12.22%, BURL 11.90%

                 PRVL 21.92%, SYBX 7.11%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed higher making new all time highs in major indices. Internals improved showing buying interest in market as a whole. Any minor pullbacks are the day to allocate new funds or do some rotation. Some stocks are resting and some starting to move higher from their support level.

BLOG does NOT give buy or sell.

Saleem


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