Indices closed UP .99% to 1.34%...NICE !!!!

Indices closed UP.

S&P 500 @ 2121.24, high 2126.65, low 2101.58

RSI @ 56.55

CMF @ -0.025

Internals were :

UP volume led by 3.21 to 1 in NYSE & 4.48 to 1 in Nasdaq

Advancing stocks led by 2.03 to 1 in NYSE & 2.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & 129 in Nasdaq

VIX Down 9.03% @ 13.19

Oil @ $60.45

Gold @ $1202.00

Stocks which closed 1% or higher included AKS
QIHU GG GOOGL FB NXPI COH LVS 
AMZN EXPE YUM MA V LSCC
JDSU FNSR AMBA SPLK MCD
SBUX ABX SLW AEM DATA
CSOD TRIP YELP.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong on hope that Greece proposal @ EU Foreign Minister's meeting will be a serious move for agreement, there was rethink on Fed statement & Q & A. RUT & Nasdaq are @ a new all time high. Dow & S&P 500 are next in line to do the same. Internals were strong, only CMF is struggling in S&P 500. There should be series of new highs before its over for now. Stay put and do not overthink, market rallies when nobody is expecting it.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed