Indices closed UP .48% to .66%...NICE !!!!

TAPE was strong today & all indices closed near high of the day.


S&P 500 @ 1977.10, high 1979.85, low 1969.86


RSI @ 61.99


CMF @ 0.387


Internals were :


UP volume led by 1.90 to 1 in NYSE & 1.75 to 1 in Nasdaq


Advancing stocks led by 1.79 to 1 in NYSE & 1.76 to 1 in Nasdaq


Net new 52 wk highs were leading by 152 in NYSE & 22 in Nasdaq


VIX Down 2.15% @ 11.82


Oil @ $100.91


Gold @ $1306.70


Stocks which were UP 1% or more included FB MU SWIR

C LNKD KOG BIDU JKS YNDX TSL AMZN CMG

TSLA SINA SU YUM YY GOOGL SPLK CCJ

DATA MS GS AGU MLNX.....


AH Futures UP


AH Asian Markets UP


AH Oil & Gold UP


About market, TAPE got a boost before open from GS after they raised S&P 500 target to 2050. Tomorrow Janet Yellen has testimony & market will pay close attention to Q&A. This Friday is monthly & weekly Option Expiry which results in a slanted market on MM positioning for Thursday, either sharply UP or Down. So far internals are off to a solid start. Monitor this TAPE closely & go with the flow, but i have my trigger on locking profit if RSI turns close to 70.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed