Indices closed UP .55% to .98%...NICE !!!!

Indices closed UP.

S&P 500 @ 2832.97, high 2833.03, low 2808.12

RSI @ 83.28

CMF @ 0.395

Internals were :

UP volume led by 2.39 to 1 in NYSE & 2.75 to 1 in Nasdaq

Advancing stocks led by 1.75 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 217 in NYSE & 346 in Nasdaq

VIX Down 2.13% @ 11.03

Oil @ $63.49

Gold @ $1331.90

Stocks which were UP 1% or more included SHOP SQ
TSM ROKU TRIL NVDA NFLX FB NTES GOOG
VRX AMZN LVS WYNN V MSFT EXPE YUM
FFIV TWLO TK RIG YELP CIEN GS TRIP
MLNX LFIN SSC SPLK TNA X CNX ...

In my portfolio :

Sold SQ @ $45.29

Sold SHOP @ $119.10

Sold WB @ $130.76

AH news...NFLX UP 8.45%, FSLR UP 6.73%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE started the week on a very familiar note, made another new all time highs in Dow , S&P 500 and Nasdaq, Indices closed @ high of the day. As per my Sunday BLOG analysis, i wanted to book profit and today was a good day to do that, I reduced my exposure by 46.05%, my current exposure is 53.95%, this will be reduced further IF i can book more gains with RSI in focus. This is just me doing what suits my strategy, i have started the year with robust gains and i want to book those gains ASAP. Internals were strong and new highs list is expanding.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed