Indices closed UP .94% to 1.26%.....NICE !!!

Indices closed near high of the day.


S&P 500 @ 1671.71, high 1672.40


RSI @ 55.93


CMF @ -0.101


Internals were :


UP volume led by 7.44 to 1 in NYSE & 6.88 to 1 in Nasdaq


Advancing stocks led by 4.03 to 1 in NYSE & 3.26 to 1 in Nasdaq


Net new 52 wk highs were leading by 124 in NYSE & 131 in Nasdaq


VIX Down 1.39% @ 15.63


Oil @ $109.52


Gold @ $1386.70


Stocks which were UP by 2% or more included ANR CLF MU

AMCC QIHU TCK JKS SPWR AGU POT LEN GMCR

YHOO CSIQ LULU BBRY HMC LVS GRPN X

WPRT ARUN MOS STLD MS WLT TRLA.....


AH ER PANW UP 2.58%


AH Futures UP


AH Asian Markets UP


AH Oil & Gold Down


About market, after close IBD saying that "market in confirmed uptrend". Ralph Acompora predicting major correction till end of October, he "clearly sees 12000 in Dow". Nasdaq is @ new high in 13 years, so leadership has shifted to Technology. S&P 500 is also above 50 DMA after 12 trading days. When others are getting bullish it is important to plan "exit strategy"......before long we may be overbought again.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed