Indices closed UP .76% to .92%...NICE !!!!

Indices closed UP.

S&P 500 @ 2355.84, high 2361.37, low 2340.91

RSI @ 52.05

CMF @ 0.051

Internals were :

UP volume led by 2.62 to 1 in NYSE & 3.49 to 1 in Nasdaq

Advancing stocks led by 2.48 to 1 in NYSE & 2.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 98 in NYSE & 96 in Nasdaq

VIX Down 5.22% @ 14.15

Oil @ $50.71

Gold @ $1283.80

Stocks which were UP 2% or more included AMD CY
OLED SWKS MU LULU MA WB MGA M LRCX...

AH ER...PFPT UP 9.01%, V UP 2.14%

AH Futures UP

AH Asian Markets UP

AH Oil Unchanged

AH Gold Down

About market, TAPE staged another strong oversold bounce and further boost was given on optimism about tax reform and financial reform. We need a confirmation of this up move by closing green on Friday.S&P 500 & Dow are still below 50 DMA while Nasdaq is above and ready to take out all time high. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed