Strong close in Indices.....NICE !!!

Indices closed strong by posting gains of 1.99% to 2.68%..Nasdaq was the strongest of all....

Internals were strong also & New 52 wk highs led in NYSE & Nasdaq.....

All indices are very close to taking out 200 DMA also...S&P 500 closed @ 1093.67..200 DMA is @ 1113.16 only 19.49 points away.....

CNBC perma shorts are softening their enthusiasm after taking "serious licking repeatedly"..one is scratching his head..other two are waiting for 1100 to go bullish......

There is a very good chance that we may go higher than previous attempts......it is like try try until you succeed.....

BUT...for traders do not lose sight of booking profit as you go along......there are stronger stocks to trade with......

AH ER was mostly downer as suspected by many... AMZN was viewed as most bearish while semi area is having their own challenges..SNDK guidance was not as rosy...MSFT just does not excite anyone even though they beat on all front......

BUT tonight's ER will not affect the market where overall ER has been stellar.......

AH Futures Mixed

AH Asian markets UP

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem