Indices closed UP .84% to 1.06%....NICE !!!!

Indices closed UP.

S&P 500 @ 3316.81, high 3317.11, low 3302.82

RSI @ 74.87

CMF @ 0.216

Internals were :

UP volume led by 2.89 to 1 in NYSE & 3.02 to 1 in Nasdaq

Advancing stocks led by 2.57 to 1 in NYSE & 2.78 to 1 in Nasdaq

Net new 52 wk highs were leading by 554 in NYSE & 364 in Nasdaq

VIX Down .81% @ 12.32

Oil @ $58.82

Gold @ $1550.50

Canadian $ @ .6954

Portfolio 100% Cash

Stocks which were UP 2% or more included AMD BYND LK 
QCOM XLNX MU TWTR LSCC MRVL LRCX AAL 
SPLK VICR AMAT NTNX MS SWKS.....

AH news....SNCR UP 15.62%, NTRA Down 6.27%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong from open and closed @ high of the day, DOW, S&P 500, Nasdaq IWM all made a new all time highs and closed @ high of the day, a very bullish scenario, only major sector which did not make a new all time high was SOX...maybe Friday. Internals were super strong especially new 52 wk highs, highest I have seen in a long time.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed