Indices closed UP .78% to .99%...NICE !!!!

Indices closed UP.

S&P 500 @ 2298.37, high 2299.55, low 2288.88

RSI @ 66.55\

CMF @ 0.185

Internals were :

UP volume led by 2.41 to 1 in NYSE & 2.48 to 1 in Nasdaq

Advancing stocks led by 1.82 to 1 in NYSE & 2.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 324 in NYSE & 267 in Nasdaq

VIX Down 2.35% @ 10.81......lowest since July 2014

Oil @ $52.75

Gold @ $1197.80

Stocks which were UP 1% or more BAC CNQ OCLR TECK
PI OPK MU HBAN NEFF C CHK AMZN GOOG VRX
FB OLED UA LVS AAPL LULU QRVO FFIV TK 
RIG FEYE LNG BABA FSLR WYNN GS TRIP
MLNX DATA SWIR MGA MS PANW LRCX...

AH ER...URI UP 8.09%, EBAY UP 8.5%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE celebrated many executive orders by President Trump, market likes that he is executing all the policies in a hurry, this type of action has not been seen in Washington since Eisenhower era. All indices shot UP to new all time high, internals were strong. We are looking @ runaway market with new series of highs. It is OK to be aggressive in this TAPE. Many sectors are looking good, they are also ready to make series of new highs.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed