Indices closed UP .09% to .41%....NICE !!!!

Indices closed UP.

S&P 500 @ 2751.29, high 2759.14, low 2747.86

RSI @ 79.64

CMF @ 0.071

Internals were :

Down volume led by 1.20 to 1 in NYSE & 1.08 to 1 in Nasdaq

Declining stocks led by 1.42 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 262 in NYSE & 241 in Nasdaq

VIX UP 5.88% @ 10.08

Oil @ $62.96

Gold @ $1313.76

Stocks which were UP 1% or more included BIDU CTRP WB
RIOT TRIL GE VRX LVS CHK RIG MLNX SSC KBH
OPK M CNX......

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE continued its bull run by closing @ new all time highs in Dow , S&P 500 and Nasdaq, this type of new year action has not been seen in decade. By close, internals were weak as we gave up some gains. This is a very tough TAPE to book profit, it is hard to comprehend, what is causing so much bullish action. There is too much momentum to ignore, although some old school technicals are flashing sell sign like RSI.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed