Indices closed UP .25% to 1.15%....NICE !!!!

Indices closed UP.

S&P 500 @ 2507.04, high 2511.75, low 2495.91

RSI @ 63.89

CMF @ 0.328

Internals were :

UP volume led by 1.55 to 1 in NYSE & 2.99 to 1 in Nasdaq

Advancing stocks led by 1.30 to 1 in NYSE & 2.71 to 1 in Nasdaq

Net new 52 wk highs were leading by 192 in NYSE & 269 in Nasdaq

VIX Down 2.95% @ 9.87

Oil @ $52.14

Gold @ $1287.80

Stocks which were UP 2% or more included AMD
SHOP NVDA BABA WUBA GOOG FNSR FB
OCLR MU VRX TWTR BAC JKS QRVO X
CSIQ FFIV YELP CIEN GS MLNX DATA
CSOD CRUS ULTA SWKS KORS 
LRCX......

AH ER...AAAP UP 9.61%, PIR Down 8.44%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed green but Nasdaq strength was the real story, FANG, Financials and other strong technology stocks closed near their highs. Tax reform seems to be the catalyst. Recently TAPE is trying to digest many things, before it can move decisively higher. Internals were strong in Nasdaq which is a very good thing.We need another good day to feel better about this new upswing.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed