Indices staged a very impressive technical run into recent highs.....S&P 500 & DOW are in new "recent" highs..Nasdaq only 13 points away from recent high of 2307.60.....
Internals were strong in NYSE but not as strong in Nasdaq.....
Technical Guru of Oppenheimer Carter Braxton Worth does not see any further gains in indices based on his analysis of 150 day MA......
RSI in indices are as follows :
Nasdaq 58.83
S&P 500 62.07
Dow 65.10
Based on the tape today...we MAY hit 70 this time around before profit taking .....
VIX Down 6.34% to 22.01....we MAY hit 19+ this time....
Strong stocks which were UP 3% or more included BIDU,SOLF,SNDK,CREE,
LVS,ASIA,IBN,CCJ,X,GNK,TCK,SOL......
AH Futures Down
AH Asian market UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
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