Indices closed UP .03% to .38%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2033.66, high 2034.45, low 2022.31

RSI @ 61.51

CMF @ 0.307

Internals were :

UP volume led by .65 to 1 in NYSE & 1.64 to 1 in Nasdaq

Advancing stocks led by .86 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 38 in NYSE & by 9 in Nasdaq

VIX Down .47% @ 14.98

Oil @ $45.89

Gold @ $1172.80

AH ER .....IBM Down 4.87%, FLEX UP 6.7%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE showed its resilience by closing @ high of the day despite weak data out of China, Nasdaq only 15 points away from taking out 200 DMA. This TAPE has all the hallmark of slowly building its momentum towards new all time high. VIX gave up digit 15 which was a big resistance before. Buy & hold strong stocks as we build momentum in this market, it is far from being over.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed