Indices closed UP .87% to 1.46%........NICE !!!!

Indices had another strong day on budget optimism.

S&P 500 closed @ 1446.79

RSI @ 65.75

CMF @ 0.211

Internals were :

UP volume led by 5.75 to 1 in NYSE & 3.88 to 1 in Nasdaq

Advancing stocks led by 2.77 to 1 in NYSE & 2.64 to 1 in Nasdaq

Net new 52 wk highs were leading by 162 in NYSE & 74 in Nasdaq

VIX closed down 4.71% @ 15.57

Oil closed @ $87.93

Gold closed @ $1670.70

Stocks which closed UP 2% or more included CRUS,LEN,KORS,
CMG,RVBD,HMC,AMZN,PANW,BIDU,FFIV,CLF,PCLN,
AAPL,GMCR,FB,BRCM,JDSU,CIEN,FNSR,SNDK.....

AH Futures UP

AH Asian Markets MIXED

AH Oil & Gold UP

About market, TAPE has been very strong for two days. Today internals were strong & Volume was high. RSI is @ HIGHEST level since September 2012. In September S&P 500 went to 1474.51, we have 27.72 S&P 500 points left to reach that resistance. In other words we have another potential move UP of 1.9% in S&P 500. It is important to keep an eye on near term resistance to revisit your strategy. There is tremendous momentum currently which may take us near or over September 2012 highs.

BLOG does NOT give buy or sell.

Saleem