Indices closed UP .44% to .65%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2094.34, high 2094.66, low 2073.65

RSI @ 66.52

CMF @ 0.149

Internals were :

UP volume led by 2.95 to 1 in NYSE & 1.69 to 1 in Nasdaq

Advancing stocks led by 2.71 to 1 in NYSE & 1.98 to 1 in Nasdaq

Net new 52 wk highs were leading by 146 in NYSE & 41 in Nasdaq

VIX Down 1.98% @ 13.35

Oil @ $39.78

Gold @ $1235.00

Stocks which were UP 1% or more included ABX CNQ JKS MSFT
LULU CTRP GOOG SPWR PCLN AMZN V COH LNKD SU
CSIQ EXPE FFIV MA SSYS YELP FSLR MU UA DATA 
CSOD MGA VRX TRIP......

AH Action...IBM Down 5.07%, NFLX Down 7.84%
                   MGA Down 13.21%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE showed its strong buying momentum after Doha failure and oil slump @ open, within minutes of open buyers flocked in and bought everything on sale, by close we were @ the highest point of the day. Indices are sitting @ the highest level of 2016 and within striking distance of making a new all time high. All this daily record close is being ignored by a technician, Carter Worth is always looking towards 2008, which was 8 years ago, one hell of a technical analysis.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed