Indices closed UP 1.59% to 2.21%...NICE !!!!

Indices closed UP.

S&P 500 @ 3179.72, high 3182.59, low 3155.29

RSI @ 60.38.....Nasdaq RSI @ 68.15

CMF @ -0.003

Internals were :

UP volume led by 4.04 to 1 in NYSE & 2.15 to 1 in Nasdaq

Advancing stocks led by 2.52 to 1 in NYSE & 1.89 to 1 in Nasdaq

Net new 52 wk highs were leading by 187 in NYSE & 205 in Nasdaq

VIX UP .94% @ 27.94

Oil @ $40.63

Gold @ $1793.50

Canadian $ @ .6450

In my portfolio

Added 50% APA @ $13.55

Sold GOOS @ $22.83

Portfolio AAL APA CCL MGM SU

Stocks which were UP 2% or more included AAL APA
NIO CNX ROKU CIEN TOL DAL TLRY JD PINS
SQ MU SEDG AMD TWTR TER MSFT AAPL
BIDU DHI PHM BA JKS SPWR FSLR CSIQ
HUYA MRVL MOMO XLNX LULU BZUN
TSM LRCX AMZN SLB BABA OSTK 
SINA CMG PANW.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE continued its euphoric run to record highs in Nasdaq just to prove Carter Worth wrong in his technical outlook. Nasdaq RSI is @ 68.15 which requires booking of profit ASAP. VIX actually went UP also a red flag, CMF is negative also a red flag. SOX also in euphoric mode. Have seen this type of TAPE many time and is cause for concern.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed