Indices closed UP 3.85% to 4.53%....NICE!!!!

Indices closed UP.

S&P 500 @ 3130.12, high 3130.97, low 3034.38

RSI @ 44.13

CMF @ 0.101

Internals were :

UP volume led by 5.48 to 1 in NYSE & 4.01 to 1 in Nasdaq

Advancing stocks led by 5.34 to 1 in NYSE & 3.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 67 in NYSE & 62 in Nasdaq

VIX Down 13.12% @ 31.99

Oil @ $46.78

Gold @ $1643.00

Canadian $ @ .6557

Portfolio HUYA IQ LSCC LK SQ SPWR

Stocks which were UP 6% or more included HUYA LSCC LK
LYFT RUN MRVL MU ASML AMD BYND NVDA SHOP
FEYE CRON CLVS TRIL......

AH news....MRVL UP 9.92%, DAKT UP 9.49%

                  ZM Down 7.09%, SPLK Down 3.47%

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE proved critics of Fed's action totally wrong, it IS the psychology and confidence building matters more than economics 101. Those who were telling their huge audience only bullish thing to do is to buy gold, now looking @ hourly oscillators to justify their changed thesis. Stay the course, there is a very simple indicator to follow call it RSI or oversold or overbought conditions, most of us know to keep it simple.

BLOG does NOT give buy or sell.

Saleem