Indices closed UP .26% to .58%....NICE !!!!

Indices closed UP.

S&P 500 @ 2180.38, high 2183.48, low 2170.19

RSI @ 55.70

CMF @ 0.140

Internals were :

UP volume led by 4.83 to 1 in NYSE & 2.02 to 1 in Nasdaq

Advancing stocks led by 2.60 to 1 in NYSE & 1.68 to 1 in Nasdaq

Net new 52 wk highs were leading by 180 in NYSE & 121 in Nasdaq

VIX Down 5.20% @ 12.94

Oil @ $46.98

Gold @ $1327.10

Stocks which were UP 1% or more included AKS CMG GG
KORS SPLK FB ABX KGC AEM LVS LEN SINA YUM
DNKN TK YELP SPWR MU TCK.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was UP today despite better economic data pointing to higher interest rates & lower oil. Strong stocks continue to outperform. Internals were strong. Another UP day will confirm today's snapback. This is a TAPE for conviction & patience, when it look bleak, immediately it turns UP.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed