Indices closed UP .43% to .75%....NICE !!!!

Indices closed UP.

S&P 500 @ 2027.22, high 2032.02, low 2010.04

RSI @ 65.40

CMF @ 0.321

Internals were :

UP volume led by 2.74 to 1 in NYSE & 2.17 to 1 in Nasdaq

Advancing stocks led by 4.17 to 1 in NYSE & 1.55 to 1 in Nasdaq

Net new 52 wk highs were leading by 97 in NYSE & lows by 21 in Nasdaq

VIX Down 10.99% @ 14.99

Oil @ $38.46

Gold @ $1229.80

Stocks which were UP 2% or more included
ABX CNQ FEYE JKS TWTR
CTRP NTES SPLK SPWR LVS 
WYNN LEN YHOO SU LNG YELP
AMCC CIEN SLW GG AEM DATA SWIR
MGA ORCL ZG .......

AH ER...CTRP Down 4.13%, GES Down 10.60%
              FDX UP 5.14%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, Fed gave a huge boost to indices by clarifying that they are not ready to raise rate and they are looking @ possibly 2 increases in 2016 vs previous 4. US$ weakened and oil, gold took off. Fed uncertainty is off the table which will prompt funds on the sidelines to jump in equities.Market was extremely stable going into fed statement which surprised me and encouraged me to do more opportunistic buying. Always listen to market TAPE not pundits.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed