Indices closed UP 1.09% to 1.78%....NICE !!!!

Indices closed UP.

S&P 500 @ 1903.63, high 1906.73, low 1878.79

RSI @ 41.56

CMF @ -0.028

Internals were :

UP volume led by 9.53 to 1 in NYSE & 3.33 to 1 in Nasdaq

Advancing stocks led by 5.11 to 1 in NYSE & 2.48 to 1 in Nasdaq

Net new 52 wk lows were leading by 47 in NYSE & 74 in Nasdaq

Oil @ $31.45

Gold @ $1120.20

Stocks which were UP 1% or more included CNQ JKS SBUX
RLYP LNKD JCP SWIR PCLN TSL CSIQ FSLR SPWR
LULU COH LVS WYNN LEN DNKN CMG YUM
EBAY FFIV YELP AMCC CIEN AAL M MCD
X STLD ABX SLW GG AEM CCJ MGA MS 
GS  VRX Z AGU MLNX.....

AH ER...AAPL Down 2.57%, VMW Down 4%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong and closed near high of the day. Tonight IBD is changing its market outlook to "confirmed uptrend ". Internals were strong. Oil continues to dominate this TAPE and tomorrow will be no exception. Fed @ 2 PM may decide the direction of this market with its statement. Patience is being tested by this TAPE on a 48 hour basis, stay with your well thought and researched portfolio.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed