Indices closed UP .67% to .96%......NICE !!!!!

Indices closed UP after taking a break yesterday.
Internals of the market were strong.

Strong stocks which were UP 2% or more included RVBD,LULU,
SOL,PLCM,LTXC,CMG,AMZN,SOHU,M,CREE,CIEN,STP,
EBIX,IGTE......

NOW..for the ultimate question of the day ?
Where are we headed in this market ?

Before i answer that let us look @  RSI for the indices :
Nasdaq 55.68
S&P 500 56.32
Dow 59.23

Definitely RSI is trending higher & have lot of room to run. RSI also are higher than recent level, which as a trend is very healthy.

All the indices are above 50 DMA.....another healthy technical signal.

S&P 500 closed @ 1319.44 which is only 24.63 points below high of 1344.07.....or it needs to go higher by only 1.87% to be @ new high......

My read is that we could easily go above 1344.07 & higher.......


As this end of the month & end of the Q, next two days could be very powerful on the bullish side.Based on all the technicals & fundamental picture of this bull market, it will be prudent to be "overweight" right @ open tomorrow.
I am feeling "super bullish"...this Taurus gets it right most of the time.

AH ER TIBX was a beat but guiding EPS touch below consensus, stock Down 5.6%

AH Futures UP
AH Asian markets UP
AH Oil Down 
AH Gold & Silver UP

BLOG does NOT give buy or sell.

Saleem