Indices closed UP .32% to .87%....NICE !!!!

Indices closed UP.

S&P 500 @ 1929.80, high 1932.08, low 1891.00

RSI @ 53.12

CMF @ 0.202

Internals were :

UP volume led by 1.30 to 1 in NYSE & 1.98 to 1 in Nasdaq

Advancing stocks led by 1.80 to 1 in NYSE & 1.75 to 1 in Nasdaq

Net new 52 wk lows were leading by 21 in NYSE & 80 in Nasdaq

VIX Down 1.24%@ 20.72

Oil @ $32.15

Gold @ $1239.10

Stocks which were UP 1% or more included BIDU FB JKS 
SPWR FSLR CSIQ NTES AAPL AMZN LNKD NXPI NFLX 
TSLA DNKN SU EBAY VDSI CRUS MU CIEN LRCX FEYE
AMBA M SPLK UA GG CCJ DATA SWIR CSOD VRX MLNX

AH ER...CRM UP 8.93%, NTES Down 6.19%,
               RLYP Down 12.99%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE chased oil to the downside and then reversed with oil & closed near high of the day. Oil remains the only thing to watch on a daily basis to determine direction of this TAPE. Weakness in strong stocks based on averages is a very good opportunity to average down or start a new position. Stay the course as we have more room to run north.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed