Indices closed UP .64% to 1.59%....NICE !!!!

Indices closed UP.

S&P 500 @ 2066.66, high 2067.33, low 2043.09

RSI @ 63.61

CMF @ 0.324

Internals were :

UP volume led by 3.23 to 1 in NYSE & 4.57 to 1 in Nasdaq

Advancing stocks led by 3.11 to 1 in NYSE & 2.54 to 1 in Nasdaq

Net new 52 wk highs were leading by 119 in NYSE & 22 in Nasdaq

VIX Down 8.63% @ 14.09

Oil @ $37.75

Gold @ $1223.80

Stocks UP 2% or more included   CNQ FEYE JKS NTES
LNG PANW NXPI SPLK AMZN TSLA SINA DNKN
SU EBAY WB YELP UA CSOD VRX TRIP MLNX..

AH News...BBBY UP 4.49%, VRX UP 4.92%
                    MGA Down 11.61%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE started weak but built momentum after dissection of Fed minutes and closed @ high of the day. Internals were strong. This TAPE is definitely unpredictable, when it looks as if it is losing momentum, it charges higher. Many new sectors are trending UP but with sharp pullbacks. Trade winning names as they swing in a defined range.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed