Indices closed UP .30% to 1.73%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3478.73, high 3481.07, low 3444.15

RSI @ 76.81

CMF @ 0.489

Internals were :

Down volume led by 1.39 to 1 in NYSE & .65 to 1 in Nasdaq

Declining stocks led by 1.29 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 193 in NYSE & 174 in Nasdaq

VIX UP 5.63% @ 23.27

Oil @ $43.64

Gold @ $1952.50

Canadian $ @ .6851

In my portfolio :

Bought MU @ $44.95

Sold MSFT in AH @ $221.00

Portfolio AAL APA CCL MGM MU RXT SU

Stocks which closed green included RXT MSFT

FCX AG GOLD MRVL PANW LYFT TWTR

SNAP AUY NIO DOCU ZI PLAN GAN KL

SHOP ROKU CRWD ESTC DDOG AAPL

TD GOOG NFLX NTNX ORCL TSM...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was in total euphoria with many stocks showing gains which observers had hard time believing it, Gains of 7% to 26% was outsize. S&P 500 and Nasdaq made another closing all time highs, Indices closed @ high of the day. Internals were weak, a surprising development and VIX was UP another surprise. Momentum was @ its most frothy level today, please rotate into better value, RSI matters and it stands @ 76.81 in S&P 500 a nose bleed territory.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed