Indices closed UP .04% to .12%.....NICE !!!!

Indices closed UP.

S&P 500 @ 2537.74, high 2540.53, low 2531.80

RSI @ 74.65

CMF @ 0.463

Internals were :

UP volume led by .89 to 1 in NYSE & 1.25 to 1 in Nasdaq

Advancing stocks led by .95 to 1 in NYSE & .99 to 1 in Nasdaq

Net new 52 wk highs were leading by 214 in NYSE & 275 in Nasdaq

VIX UP 1.26% @ 9.63

Oil @ $49.98

Gold @ $1278.60

AH news..ZUMZ UP 8.47%, MTW UP 4.97%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed @ new all time high in Dow, S&P 500 and Nasdaq. Strength in this TAPE showing fatigue and internals mostly negative. Even our famous pundit came up with many negative for this TAPE after pounding the table yesterday, that all is great. Rotation and stock picking is extremely critical @ this stage. Exposure needs to be less than before.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed