Indices closed UP .19% to 1.06%....NICE !!!!!

Indices closed UP.

S&P 500 @ 2173.02, high 2175.63, low 2164.89

RSI @ 66.77

CMF @ 0.243

Internals were :

UP volume 1.75 to 1 in NYSE & 3.34 to 1 in Nasdaq

Advancing stocks led by 2.11 to 1 in NYSE & 2.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 204 in NYSE & 119 in Nasdaq

VIX Down 1.67% @ 11.77....lowest close since August 2014.....scary

Oil @ $44.94

Gold @ $1319.30

Stocks which closed UP 1% or more ...CMG JCP SBUX VRX
OLED PANW SPLK SPWR PCLN FB JKS TWTR NXPI LVS
CTSH MSFT NFLX TSLA CSIQ YHOO SINA DNKN 
EBAY MA CHK LNG VDSI BABA FSLR MU 
AMCC CIEN LRCX DATA SWIR CSOD
MS ZG TRIP....

In my portfolio...Sold CNQ @ $31.96

Portfolio CMG JCP SBUX VRX.....lowest exposure in 3 years...

AH ER...EBAY UP 6.89%, QCOM UP 7.04%
              INTC Down 3.33%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market,TAPE maintained its impressive run with Dow & S&P 500 @ fresh new all time highs. Internals were strong with Nasdaq stocks doing very well. After a long long time, i am not so gutsy anymore as VIX is @ 2 year low, anytime i ignored that, i have suffered financially in a hurry, this time, i am booking gains, so i am not going to lose my profit.RSI in Dow is @ 69.05...awfully close to sharp pullback, Nasdaq @ 65.76 is lagging slightly. BUT in 1999-2000 runup, TAPE kept going up defying technicals or fundamentals, i certainly hope, we are not going to repeat that.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed