Indices closed UP .56% to 1.67%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2055.01, high 2055.91, low 2028.31

RSI @ 67.69

CMF @ 0.466

Internals were :

UP volume led by 2.70 to 1 in NYSE & 3.55 to 1 in Nasdaq

Advancing stocks led by 4.12 to 1 in NYSE & 2.87 to 1 in Nasdaq

Net new 52 wk highs were leading by 199 in NYSE & 23 in Nasdaq

VIX Down 9.32% @ 13.82

Oil @ $38.28

Gold @ $1237.50

Stocks which were UP 3% or more included ABX JKS QRVO
SPLK GG LEN CSIQ YHOO YELP CRUS CIEN AMBA
LRCX SLW AEM DATA SWIR ZG TRIP......

In my portfolio :

Sold BIDU @ $188.50

Portfolio ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was very strong and closed @ high of the day, Fed chief Janet Yellen gave a very balanced view of world economy and its challenges, also affirmed its willingness to raise interest rates gradually, nothing is imminent.Internals were strong and positive all over. Booking profit @ this stage is not a bad idea. VIX is getting near low and RSI near high, both reliable indicator of TAPE getting frothy. Was busy with some chores, came too late for 2.30 BLOG..

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed