Indices closed UP .54% to .84%....NICE !!!!

Indices closed UP.

S&P 500 @ 2177.18, high 2179.99, low 2170.94

RSI @ 55.85

CMF @ 0.088

Internals were :

UP volume led by 3.38 to 1 in NYSE & 3.92 to 1 in Nasdaq

Advancing stocks led by 4.84 to 1 in NYSE & 2.54 to 1 in Nasdaq

Net new 52 wk highs were leading by 168 in NYSE & 186 in Nasdaq

VIX Down 9.62% @ 12.02

Oil @ $46.32

Gold @ $1344.70

Stocks which closed UP 2% or more included CNQ CMG
JKS RIG FEYE BABA FSLR SPWR MGA FCX ZG
MLNX.....

AH Futures Down

AH Asian Markets Mixed

AH OIl & Gold Down

About market, TAPE confirmed this UP move by closing UP back to back. Indices closed near high of the day.Internals were strong across the board. Its weekly option expiry, which may give more UP move to strong stocks. VIX is getting oversold, so keep an eye on any temporary pullback, which could provide buying good stocks @ slightly lower prices, that may happen on Monday. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed