Indices closed UP 1.42% to 1.79%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2083.58, high 2085.31, low 2051.99

RSI @ 57.28

CMF @ 0.128

Internals were :

UP volume led by 8.20 to 1 in NYSE & 2.97 to 1 in Nasdaq

Advancing stocks led by 3.19 to 1 in NYSE & 2.50 to 1 in Nasdaq

Net new 52 wk lows were leading by 60 in NYSE & 71 in Nasdaq

VIX Down 10.56% @ 16.85

Oil @ $40.75

Gold @ $1068.70

Stocks which were UP 2% or more included
CY FB LULU NFLX
BBRY JCP JKS MU BITA
TWTR BIDU AMZN AAPL TSL
FEYE VRX COH LEN NXPI TSLA
CSIQ SINA EXPE GOOG V ANTH YELP
FSLR SPWR YNDX HIMX CRUS AMCC LSCC
M SBUX X STLD ABX SLW GG AEM MGA Z TRIP....

AH ER...CRM UP 5.55%, CTRP UP 13.6%, GMCR UP 19.11%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, Fed minutes majority consensus on December rate hike removes uncertainty about timing, market hates uncertainty, thus a major move UP in all indices. Indices closed near high of the day and internals improved big time. All indices are above 50 & 200 DMA which is a powerful technical set up. Stay with strong stocks as they are in overdrive and have more room to run.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed