Indices closed UP .44% to .47%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2063.95, high 2072.21, low 2058.27

RSI @ 69.54

CMF @ 0.406

Internals were :

UP volume led by 2.03 to 1 in NYSE & 1.88 to 1 in Nasdaq

Advancing stocks led by 1.69 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk highs were leading by 211 in NYSE & 61 in Nasdaq

VIX Down 1.88% @ 13.56

Stocks which were UP 1% or more included CMG NTES TWTR V
QRVO CTRP LNG PANW LULU AAPL COH CTSH LNKD
SU YUM MA LNG BABA YELP CRUS MCD UA SWIR
MGA MS AGU TRIP MLNX......

In my portfolio :

Bought CNQ @ $26.79

AH News....MU UP .95%, CLDX UP 4.72%

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE carried its momentum from Fed speeches in last 24 hours, all bullish for equities. Dow & S&P 500 closed @ its highest level in 2016. Internals are all positive and getting stronger.There is a noticeable absence of profit taking even @ this level, which means stay in the game with high confidence stocks. Rotation is a good way to minimize RSI related risk.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed