Indices UP .02% to .19%....NICE !!!!

Indices closed UP.

S&P 500 @ 2293.08, high 2299.40, low 2290.16

RSI @ 60.45

CMF @ 0.271

Internals were :

Down volume led by 1.81 to 1 in NYSE & 1.26 to 1 in Nasdaq

Declining stocks led by 1.21 to 1 in NYSE & 1.40 to 1 in Nasdaq

Net new 52 wk highs were leading by 121 in NYSE & 94 in Nasdaq

VIX Down .70% @ 11.29

Oil @ $52.17

Gold @ $1236.10

AH ER...MCHP UP 9.87%, BWLD Down 4.54%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under pressure from possibility of March hike in interest rate. Oil being down again did not help either. Indices managed to close UP, which shows buying near low of the day. Many strong technology stocks performed well. Rotation keeps happening on a daily basis, take advantage of this predictable trend. Nasdaq made a new all time high today.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed