Indices closed UP .73% to .90%....NICE !!!!

Indices closed UP.

S&P 500 @ 1995.83, high 1999.31, low 1976.44

RSI @ 56.61

CMF @ 0.148

Internals were :

UP volume led by 4.57 to 1 in NYSE & 3.43 to 1 in Nasdaq

Advancing stocks led by 3.55 to 1 in NYSE & 2.47 to 1 in Nasdaq

Net new 52 wk highs were leading by 30 in NYSE & 15 in Nasdaq

VIX Down 5.15% @ 18.40

Oil @ $47.81

Gold @ $1148.70

Stocks which were UP 3% or more included BABA FEYE LULU
SWIR TWTR CNQ CSIQ SINA CY AMCC AAL SPLK X
STLD CCJ SPWR Z WYNN YELP.....

AH ER ...NVLS UP 16.23%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE showed its strength today despite profit taking bout in mid day. S&P 500 is fractions away from taking out 50 DMA, Dow has already done that. Internals of the market was all positive, we continue to make higher highs in all indices. Profit needs to be booked as many stocks are lagging behind, rotation is a good strategy. There is new strength in beaten down stocks which is good for broadbased rally.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed