Indices closed UP 1.28% to 1.52%....NICE !!!!

Indices closed UP.

S&P 500 @ 2073.07, high 2076.72, low 2042.43

RSI @ 52.77

CMF @ 0.017

Internals were :

UP volume led by 4.83 to 1 in NYSE & 4.68 to 1 in Nasdaq

Advancing stocks led by 4.65 to 1 in NYSE & 2.78 to 1 in Nasdaq

Net new 52 wk lows were leading by 91 in NYSE & by 58 in Nasdaq

VIX Down 14.75% @ 17.86

Oil @ $35.52

Gold @ $1076.80

Stocks which were UP 2% + included BBRY BITA FB NFLX
NTES JKS SWIR AMZN LNKD GOOGL TSL FEYE COH
LVS GPRO LEN NXPI TSLA CSIQ YHOO CMG YELP
FSLR SPWR FNSR BABA MGA MS VRX Z WYNN
GS.......

AH ER..FDX UP 5.04%, ORCL Down 1.64%

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE greeted Fed interest hike by .25% with a solid approval, TAPE ended near high of the day, internals improved further.Nasdaq is technically most strong with "golden cross" while Dow & S&P 500 are ready to make golden cross. Most sectors participated except oil, solar was on fire with potential extension of subsidy by policy makers. Market has momentum on its back and may finally reach new all time highs before this run is over.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed