Indices closed UP.
S&P 500 @ 3351.60, high 3360.74, low 3332.91
RSI @ 50.25
CMF @ -0.026
Internals were :
UP volume led by 4.48 to 1 in NYSE & 3.48 to 1 in Nasdaq
Advancing stocks led by 5.28 to 1 in NYSE & 3.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 50 in NYSE & 28 in Nasdaq
VIX Down .72% @ 26.19
Oil @ $40.60
Gold @ $1882.30
Canadian $ @ .6617
In my portfolio added 100% FCX @ $15.55
Portfolio AAL APA CCL AG FCX MGM SU
Stocks which were UP 3% or more included AAL APA FCX SU
CSIQ SNOW MRVL NXPI DADA SNAP DKNG GAN DAL
NTAP UBER KBH ENPH SEDG FSLR SPWR JKS KRA
DHI PHM RUN WB XLNX BZUN TSLA UAL CRUS
SLB SINA ULTA SWKS X.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong and closed near high of the day in S&P 500 which is always a better representative of broad strength of market as it is based on 500 stocks vs 100 in Nasdaq and only 30 in DOW. Internals were strong and today's rally was broad based means most sectors participated in this strong day. Today's tone of market was not based on rotation but was broad based which we want because this type of market has staying power of uptrend.
BLOG does NOT give buy or sell.
Saleem
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