All Indices reached new 09 HIGHS...NICE !!!!

Markets are working their way towards new 52 week HIGH.....

Today all indices reached new 09 highs which meant 10 month or 11 month highs.....

Internals were strong again...better than closing numbers...

New 52 wk high list further expanded in NYSE 169 & 115 Nasdaq.....new low disappeared from NYSE & only 5 in Nasdaq....

Markets have been foretelling improving economic data worldwide......

Bears are completely "demoralized"

Even Confusing Negative Bearish Channel is giving bears minimum time now..as IF they have been JOLTED out of their lack of judgement and being BLIND to the market forces...some of the CNBC host actually went to business school & have worked as traders??......

We should get a "blow off stage of this rally" when even bears join the party.....

RSI in major indices after close are as follows :

Dow 65.53

S&P 500 66.33

Nasdaq 68.22

Please keep in mind that last high for RSI was 76 area before we got serious selling.....so always have a "selling strategy" for traders when we get overbought......

VIX was Down 3.17% @ 23.55

AH Futures are RED

AH Nikkei is small RED

AH Shanghai is GREEN

AH Gold is UP

AH Silver is UP

Most sectors participated in this rally with many stocks hitting 52 wk HIGHS...sign of MAJOR technical strength......

BLOG does NOT give buy or sell.

Saleem