Indices closed UP 1.14% to 1.55%....NICE !!!!

Indices closed UP.

S&P 500 @ 2234.72, high 2235.57, low 2208.93

RSI @ 72.71

CMF @ 0.265

Internals were :

UP volume led by 3.78 to 1 in NYSE & 2.89 to 1 in Nasdaq

Advancing stocks led by 3.31 to 1 in NYSE & 1.81 to 1 in Nasdaq

Net new 52 wk highs were leading by 422 in NYSE & 377 in Nasdaq

VIX UP 3.65% @ 12.22

Oil @ $49.79

Gold @ $1177.50

Stocks which were UP 2% or more included   BIDU WB 
PI AKS QRVO TWTR UA V LULU SBUX JKS LEN 
MSFT TSLA CSIQ EBAY MA RIG FEYE FSLR
SPWR MU CIEN CNX SWIR CSOD MGA 
ORCL CRUS AKS AAL X LRCX.....

AH ER .....LULU UP 14.07%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE went wild with enthusiasm for changes in Washington policies and priorities. Dow & S&P 500 and Transports went to new all time highs, Transport made into record books after a gap of 2 years, this is a major confirmation of this uptrend. Stock market is behaving like roaring 60's. There is more to this rally as we move forward, this is a real transformation of "ideas into action". IF you feel certain sectors are overbought, think again, they have just started on a major bull run, IF you need a hint, look @ their all time highs on today's chart, way way more to go.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed