Indices closed UP .44% to .73%....NICE !!!!

Indices closed UP.

S&P 500 @ 2440.35, high 2441.49, low 2431.28

RSI @ 66.39

CMF @ 0.259

Internals were :

UP volume led by 2.50 to 1 in NYSE & 1.51 to 1 in Nasdaq

Advancing stocks led by 2.34 to 1 in NYSE & 1.89 to 1 in Nasdaq

Net new 52 wk highs were leading by 118 in NYSE & 61 in Nasdaq

VIX Down 9.08% @ 10.42

Oil @ $46.46

Gold @ $1268.60

Stocks which were UP 2% or more included BBRY SWIR
TSLA IAG AEM OLED CSIQ CHK TK RIG SPWR
WYNN DATA CNX......

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE recovered nicely from 2 day's of drubbing, indices closed near high of the day. Internals were strong all over. Dow & S&P 500 closed @ new all time high, almost unbelievable considering investor / pundits sentiment till yesterday. It is all about Fed statement and policy change about direction of interest rates. After usual zig zag, we should confirm this rally by close.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed