All Indices @ new HIGHS for the year...NICE !!!!

Indices are in a new UPTREND after showing internal weakness for two days...BUT last TWO days internals are very strong......

All indices closed near high of the day which bodes well for near term.......

This RENEWED rally has surprised many including me.......this proves that sometimes technical INDICATORS can be IGNORED by market.....how long will this continue..nobody knows......

CMF is HIGHER all of a sudden after tapering for few days.....so money is flowing in the market...

I will stay with my thesis of being extremely CAUTIOUS as RSI is in nose-bleed zone & will NOT venture into chasing this TAPE......

RSI @ close are as follows :

Dow 75.18

S&P 500 74.52

Nasdaq 75.67

VIX closed @ 16.35 Down 3.08% NOT a new low... 19th March low still stand ? VXX closed Down 1.87%

Strong stocks were CSIQ,X,TSL,SOLF,CNXT,NVLS,LRCX,CYMI,
BZH,FUQI,SNDK,MRVL,BIDU,RIMM,NVDA,SLW,MU,FNSR,
JASO,TCK....

AH Futures Mixed

AH Nikkei & Singapore UP

AH Oil,Gold,Silver Down

PS.....There will be NO posting in my BLOG on Wed ..as I am tied up with visitors.

BLOG does NOT give buy or sell.

Saleem