Indices closed UP .44% to 1.08%.....NICE !!!!!

Indices closed UP after negativity set in for almost 13 days.


S&P 500 @ 1656.96, high 1659.55


RSI @ 43.49


CMF @ -0.017


Internals were :


UP volume led by 5.71 to 1 in NYSE & 4.92 to 1 in Nasdaq


Advancing stocks led by 5.42 to 1 in NYSE & 3.79 to 1 in Nasdaq


Net new 52 wk highs were leading by 3 in NYSE & 66 in Nasdaq


VIX Down 7.40% @ 14.76


Oil @ $105.03


Gold @ $1370.80


Stocks which were UP 2% or more included ANR CLF KOG AUY

TCK GRPN SPWR TSLA SINA NTES RDN YHOO BIDU

FFIV CRUS X STLD EGO SLW WLT IBN MLNX.....


AH ER :


P Down 5.67%, MRVL UP .69%, ROST UP 1.44%


AH Futures UP


AH Asian Markets UP


AH Oil & Gold UP


About market, looks like TAPE has discounted "taper" and is ready to move beyond that. World economies are showing better than expected improvement which is very good for commodities. Seasonally, focus should be on new strong sectors. This pullback of 4.11% lasted about two weeks, not bad for this strong bull market. Watch all the uber bears explain themselves as to why such a shallow pullback vs their thesis of about 20%.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed