Indices closed UP .51% to .83%......NICE !!!!!

Indices closed near HIGH of the day.

VIX closed Down AGAIN.

S&P 500 closed @ 1254.00, 200 DMA is 1259.38 which is all set to be conquered & then some in few hours.

RSI @ 56.42

A major change is happening in CMF picture, it was negative since end of November for all indices.

S&P 500 CMF reading which went negative by .20+ @ its low, which almost matched low point in the last 5 months......NOW it is barely negative -0.018.....

Nasdaq CMF is also barely negative -0.012

DOW CMF is POSITIVE +0.017

I see this as "major shift" in the sentiment & money flow.......

Generally when CMF is positive, it becomes a multi month phenomenon......let us hope, that we are on the "verge of something BIG"

@ the same time, Jimmy the Cramer is "telling his loyal followers" that Tech & Bank stocks are dead" This is an "extremely RELIABLE CONTRARY indicator"...in simple English, TECH & Financials should outperform everything......he needs "medical intervention" or taken off CNBC.......whichever comes first.....

Stocks which were UP 1% or more included LULU,RIMM,APKT,CNQ,RVBD,SNDK,
CLF,AMZN,FCX,AGU,PCLN,MOS,BIDU,
VMW,SU,FFIV,JKS,TSL,TCK,MS,JDSU,
CIEN,FNSR,ARUN,CRUS,MU,C,BAC......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem