Indices closed UP .18% to .45%.....NICE !!!!!

Indices closed UP.

S&P 500 @ 2212.23, high 2212.78, low 2202.21

RSI @ 65.28

CMF @ 0.231

Internals were :

UP volume led by 2.53 to 1 in NYSE & 2.32 to 1 in Nasdaq

Advancing stocks led by 2.45 to 1 in NYSE & 1.98 to 1 in Nasdaq

Net new 52 wk highs were leading by 255 in NYSE & 298 in Nasdaq

VIX Down 2.88% @ 11.79

Oil @ $50.93

Gold @ $1170.10

Stocks which closed green included BIDU TWLO
PI NVDA NEFF AMZN VRX AMD LVS LEN
QRVO NFLX CHK TK RIG FEYE CSIQ
LNG MU WYNN GS AGU COH MGA
SWIR CSOD ORCL PCLN MS SLW
CRUS AAL X M LRCX......

AH ER...PLAY UP 12.50%, WDC UP 4.81%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE continued its bull run with buying interest, Dow made it into another all time high @ close. Many stocks are outperforming overall market. Diversification is key to making money in this TAPE, some stocks rest for a day, then jump to new all time highs. Show conviction and patience in letting profit run. Some stocks can be for long term but most should be for near term strategy.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed