Indices closed UP .72% to 1.03%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1938.68, high 1947.38, low 1914.35

RSI @ 34.10

CMF @ 0.004

Internals were :

UP volume led by .96 to 1 in NYSE & 1.99 to 1 in Nasdaq

Declining stocks led by 1.09 to 1 in NYSE & .996 to 1 in Nasdaq

Net new 52 wk lows were leading by 570 in NYSE & 364 in Nasdaq

VIX Down 7.53% @ 22.47

Oil @ $30.44

Gold @ $1085.20

AH ER....CYBR UP 13.24%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE finally discounted low oil prices and moved UP @ close. This close is technically very significant as we closed higher than highs of yesterday in all indices. Hopefully we build momentum from here as sellers are washed out and buyers may dominate few sessions. Oil price prediction is getting lower and lower, latest being $15 from RBS. Keep an eye on TAPE for possible weakness again, until then enjoy the ride UP.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed