Indices closed UP .80% to .97%....NICE !!!!

Indices closed UP.

S&P 500 @ 2061.72, high 2065.05, low 2039.74

RSI @ 59.63

CMF @ 0.187

Internals were :

UP volume led by 6.55 to 1 in NYSE & 2.10 to 1 in Nasdaq

Advancing stocks led by 4.02 to 1 in NYSE & 2.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 133 in NYSE & 3 in Nasdaq

VIX Down 8.67% @ 14.85

Oil @ $42.17

Gold @ $1260.90

Stocks which were UP 1% or more included JKS CNQ BIDU
LULU CTRP LNG PCLN AAPL AMZN FB NFLX CSIQ
EXPE SU EBAY RIG AMCC AAL SLW AEM MGA
MS GS VRX ZG AGU TRIP

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong thanks to bullish news on Oil production freeze from Russia & Saudi Arabia ahead of weekend meeting in Doha, Qatar, Oil @ new 2016 high. Nasdaq closed above 200 DMA which is a sign of technical strength. Booking profit must be in focus as we have travelled far in this run, i have reduced my allocation from my hyper trading mode and may reduce further.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed