Tuesday, January 22, 2013

Indices closed UP .27% to .46%.....NICE !!!!

Indices closed @ absolute high of the day.

S&P 500 closed @ 1492.56

RSI @ 71.13

CMF @ 0.403

Internals were :

UP volume led by 2.89 to 1 in NYSE & 1.28 to 1 in Nasdaq

Advancing stocks led by 2.24 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new 52 wk highs were leading by 422 in NYSE & 207 in Nasdaq

VIX closed down .24% @ 12.43

Oil closed @ $96.24

Gold closed @ $1693.20

Stocks which closed UP 1% or more included APKT,BAC,
RIMM,FB,GG,CF,SU,LVS,DNKN,GMCR,JDSU,FSLR,
X,STLD,EGO,MS,BJRI,GS,AGU,CLF,FCX....

AH ER :

IBM UP 4.11%

GOOG UP 5.03%

ISRG UP 8.68%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, 1500 area in S&P 500 could attract profit taking. AAPL earnings IF not as expected may trigger minor pullback. As long as one is prepared, near term is looking good. S&P 500 can easily go above 1550.

BLOG does NOT give buy or sell.

Saleem

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