Indices closed UP .66% to .88%....NICE !!!!

Indices closed UP.

S&P 500 @ 2081.44, high 2083.42, low 2066.11

RSI @ 55.78

CMF @ 0.145

Internals were :

UP volume led by 1.29 to 1 in NYSE & 1.50 to 1 in Nasdaq

Advancing stocks led by 1.72 to 1 in NYSE & 1.44 to 1 in Nasdaq

Net new 52 wk highs were leading by 142 in NYSE & 34 in Nasdaq

VIX Down 6.50% @ 14.68

Oil @ $44.78

Gold @ $1295.80

Stocks which were UP 2% or more included CMG JCP SBUX
CTRP AMZN LVS COH LNKD NFLX YELP VDSI 
ZG WYNN.....

AH News...YELP UP 4.42%, AIG Down 3.25%
                   CY Down 4.83%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong and closed @ high of the day, Nasdaq closed UP after slumping for a week, it also closed above 50 DMA. Internals of the market was positive all over. May has started on a very good note and should be a good one for a change. Rotation is very much in vogue on a day to day basis. Conviction needs to be very high as most stocks are near high of the year.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed