Indices closed UP .10% to .28%......NICE !!!!

Indices closed UP

S&P 500 @ 2051.60, high 2053.91, low 2043.14

RSI @ 69.51

CMF @ 0.350

Internals were :

UP volume led by 1.12 to 1 in NYSE & 1.02 to 1 in Nasdaq

Advancing stocks led by 1.02 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 59 in NYSE & 25 in Nasdaq

VIX Down 1.64% @ 13.79

Oil @ $39.91

Gold @ $1244.20

Stocks which were UP 1% or more included CMG
CTRP FEYE LNKD TSLA EBAY YUM MU
BABA UA VRX ZG TRIP MLNX.....

AH ER...YY UP 3.15%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE continued its upward trajectory despite poor housing number.Indices closed near high of the day, internals are all positive. There seems to be no urgency to book profit by big HFT. As pointed out before market is on auto-pilot cruising northward. Patience, conviction and homework seems to be working very profitably.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed