Indices closed UP .80% to 1.30%....NICE !!!!

Indices closed UP.

S&P 500 @ 2585.64, high 2590.09, low 2572.95

RSI @ 59.31

CMF @ 0.295

Internals were :

UP volume led by 2.52 to 1 in NYSE & 4.56 to 1 in Nasdaq

Advancing stocks led by 2.98 to 1 in NYSE & 3.26 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq

VIX Down 10.43% @ 11.76

Oil @ $55.14

Gold @ $1278.20

Stocks which were UP 2% or more included BIDU CTRP SHOP
WB SQ BABA NTES JD BZUN OLED MOMO TWTR
SINA CIEN SPLK ULTA OPK LRCX.....

AH news...SCVL UP 20.89%, SPLK UP 13.59%
                  PXLW Down 5.13%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP.

About market, TAPE was all fired UP on good earnings report and then came the word of house passing tax reform. Indices closed near high of the day and Nasdaq made a new all time closing high. Internals turned around completely and was positive in every category. This was a major change in direction. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed