Indices closed UP 1.15% to 1.84%....NICE !!!

Indices closed near high of the day on Fed taper decision.


S&P 500 @ 1810.65, high 1811.08


RSI @ 60.48


CMF @ -0.015


Internals were :


UP volume led by 5.09 to 1 in NYSE & 3.42 to 1 in Nasdaq


Advancing stocks led by 3.69 to 1 in NYSE & 2.46 to 1 in Nasdaq


Net new 52 wk highs were leading by 103 in NYSE & 111 in Nasdaq


VIX Down 14.87% @ 13.80


Oil @ $97.80


Gold @ $1235.00


Stocks which were UP 1% or more included FB RALY SINA

BIDU EXPE AMZN LUV MS PCLN KORS GOOG C

GRPN GMCR LRCX AMCC C YHOO LEN YUM

EBAY PANW SBUX MCD SU WUBA WLT

Z WYNN LVS GS......


AH ER ORCL UP 1.47%


AH Futures Down


AH Asian Markets Mixed


AH Oil & Gold Down


About market, Fed taper of $10 Billion was timed as expected, Fed knew they have to give advance notice of any taper so market does not debate endlessly. US budget is also passed by Senate which is another plus. TAPE may digest huge gains from today but i expect indices to be mostly green by close. IBD tonight is changing its market outlook to "market uptrend resumes".....


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed