Indices closed UP .65% to .96%....NICE !!!!

Indices closed UP

S&P 500 @ 2038.97, high 2042.74, low 2020.49

RSI @ 47.39

CMF @ -0.068

Internals were :

UP volume led by 5.48 to 1 in NYSE & 2.21 to 1 in Nasdaq

Advancing stocks led by 3.22 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new 52 wk lows were leading by 33 in NYSE & by 62 in Nasdaq

VIX Down 11.23% @ 16.60

Oil @ $36.14

Gold @ $1074.10

Stocks which were UP 1% or more included BBRY BITA
JCP TWTR BABA LULU COH LVS GPRO YHOO
LEN EXPE EBAY YELP AMCC AAL M STLD
X CCJ DATA MS VRX WYNN GS AGU.....

AH ER...NKE UP 2.14%, MU Down 5.82%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE confirmed this UP move by closing near high of the day, Nasdaq closed above 200 DMA while S&P 500 & Dow are stuck below 50 & 200 DMA still, however all indices are maintaining golden cross. Market volume is getting lower daily due to holidays, i expect volume to slump considerably on Thursday being half day trading, Wednesday may be the last day of half decent volume for next week also. Time to plan your portfolio for pruning losses or buying into emerging themes for 2016.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed