Indices closed UP .45% to .51%...NICE !!!!

Indices closed UP.

S&P 500 @ 2596.84, high 2597.82, low 2562.02

RSI @ 53.57

CMF @ -0.070

Internals were :

UP volume led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq

Advancing stocks led by 1.61 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 15 in NYSE & 5 in Nasdaq

VIX Down 2.40% @ 19.50

Oil @ $52.59

Gold @ $1287.40

Stocks which were UP 1% or more included IQ NVDA
HUYA BIDU MU KORS VICR FSLR CGC AMAT 
NFLX OLED PANW QRVO TSLA TWTR YY
ALDR MGA SWKS TSM CMG....

AH news...PVH UP 5.89%, ACOR UP 4.98%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE fought profit taking and closed @ high of the day, many stocks continue to make upward move to participate in improved sentiment and new year allocation. Fed Chief Powell continue to make supportive statement to bolster stocks. Looks like there is tremendous buying power left to boost this TAPE. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed