All indices closed green......NICE !!!!

Strength of this market was evident again, indices went from being red to closing green.Nasdaq was the strongest of all.

Internals were :

UP volume led by 1.43 to 1 in NYSE & 1.73 to 1 in Nasdaq

Advancing stocks led by 1.38 to 1 in NYSE & 1.31 to 1 in Nasdaq

New 52 wk highs were in the lead, 154 in NYSE & 99 in Nasdaq

VIX closed UP 3% @ 18.18

Oil closed @ $98.71

Gold closed @ $1731.30

AH ER :

CSCO Down .20%

WFM Down 1.21%

TQNT Down 8.92%

V UP 3.09%

AKAM UP 12.80%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

Chinese inflation data came in hotter than expected, CPI expectations 4.1%, actual 4.5%.PPI expectations .6%, actual .7%......US Jobless claims are more significant than Chinese data.

S&P 500 closed @ 1349.96

RSI ranging from Dow 69.67, S&P 500 74.79 & Nasdaq 79.80.

About market, we are entering a blow off stage which should propel into 1380 area or higher in S&P 500.

BLOG does NOT give buy or sell.

Saleem