Indices closed UP .64% to 1.14%.......NICE !!!!!

Indices are making higher highs & higher close, which is a good thing, technically speaking.

RSI are ranging from 69.26 to 73.52.....highest being Nasdaq & lowest being Dow.

Internals were :

UP volume led by 3.63 to 1 in NYSE & 2.06 to 1 in Nasdaq

Advancing stocks led by 3.17 to 1 in NYSE & 1.86 to 1 in Nasdaq

New 52 wk highs were in the lead, 136 in NYSE & 89 in Nasdaq

CMF in S&P @ 0.454

VIX closed @ 18.31

Oil closed @ $99.40

Gold closed @ $1700.10

Stocks which closed UP 3% or more included CLF,RIMM,RVBD,
LVS,AAPL,FCX,AUY,GG,SLW,BWLD,BZH.......

AH ER :

SNDK Down 8.49%

LRCX Down 2.39%

LSI UP 7.77%

NFLX UP 15.73%

AH Futures Down

AH Asian Markets mostly UP

AH Oil & Gold UP

About market, TAPE certainly is more stable & healthier. BUT it IS important to keep an eye on RSI of stocks & markets. I am planning to make switches from High RSI into low RSI stocks. It is important to do that to have a favourable risk / reward ratio. Stocks which have high RSI tend to mark time then go higher.Currently some stocks are being sold off on a daily basis, thus they become a candidate for switch.

BLOG does NOT give buy or sell.

Saleem