Indices closed UP .14% to .60%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2129.20, high 2131.78, low 2120.01

RSI @ 59.19

CMF @ 0.101

Internals were :

UP volume led by 1.25 to 1 in NYSE & 2.10 to 1 in Nasdaq

Advancing stocks led by 1.31 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 82 in NYSE & 96 in Nasdaq

VIX UP 2.83% @ 12.73

Oil @ $59.43

Gold @ $1227.60

Stocks which were UP 1% or more included :

GPRO RAD SWIR VDSI
LEN LNKD PCLN AAPL MU DNKN YNDX HIMX
CRUS LSCC CIEN FNSR M AEM DATA CSOD MGA MS
Z MLNX....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong with internals all positive. Dow & S&P 500 @ new all time high. Nasdaq inching closer to new all time high. This TAPE has the feel of slow & steady climb UP to series of new all time highs. It will be wise to get rid of weak performers, do not waste $ allocation in dead stocks. There are many disbelievers of this rally and may have to join the party @ much higher level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed