Indices closed UP .47% to .89%.....NICE!!!!

Indices closed UP.

S&P 500 @ 2198.18, high 2198.70, low 2186.43

RSI @ 66.91

CMF @ 0.051

Internals were :

UP volume led by 3.63 to 1 in NYSE & 2.07 to 1 in Nasdaq

Advancing stocks led by 2.99 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 182 in NYSE & 258 in Nasdaq

VIX Down 3.35% @ 12.42

Oil @ $47.57

Gold @ $1209.80

Stocks which were UP 2% or more included AMD CNQ TCK WB
NEFF FCX AMZN GWPH FB TRIL VRX LULU NFLX DNKN
SU CHK TK RIG LNG AMCC CNX WYNN AGU AEM.....

AH ER....PANW Down 12.58%, WB Down 2.21%

WB earnings report was strong, beating on Top line @ $176.9 million vs expected $173.4 million, and Bottom line of 24 cents vs expected 20 cents, guiding higher Sales of  $205 million to $210 million vs expected $197 million for Q4. Conference call starts in 12 minutes @ 8 PM.

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was in overdrive and closed @ all time highs in all major indices including Russell, first time this happened since 1999, that was a very good year Y2K boom. Russell closed UP 12 days in a row, first time since 2003. Indices looks very good for future UP moves. Look for stocks which will move faster than market.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed