Indices closed UP .57% to 1.10%....NICE !!!!

Indices closed UP.

S&P 500 @ 2443.25, high 2445.76, low 2435.75

RSI @ 57.14

CMF @ 0.067

Internals were :

UP volume led by 2.81 to 1 in NYSE & 2.45 to 1 in Nasdaq

Advancing stocks led by 3.36 to 1 in NYSE & 2.64 to 1 in Nasdaq

Net new 52 wk highs were leading by 186 in NYSE & 76 in Nasdaq

VIX Down 5.42% @ 10.30

Oil @ $45.49

Gold @ $1219.10

Stocks which were UP 2% or more included FB SWIR TWTR WB
NFLX VRX CTRP AMD OTEX QRVO NVDA BABA OLED
JKS CSIQ SINA EBAY YELP FSLR SPWR TRIP DATA 
SHOP SPLK ULTA AAL X ......

AH news....MNK UP 2.34%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong as it got double dose of good news, first Fed chief said gradual rise in interest rates, secondly Beige book showed growth in all regions. Nasdaq was strong again. Internals were strong. Dow made a new all time high, S&P 500 is next in line followed by Nasdaq. Buy what is working and benefit form this resurgence.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed