Indices closed UP .89% to 1.32%...NICE !!!!!

Indices made new & multi year highs today.

S&P 500 @ 1539.79

RSI @ 63.94

CMF @ 0.316

Internals were :

UP volume led by 4.16 to 1 in NYSE & 3.73 to 1 in Nasdaq

Advancing stocks led by 2.88 to 1 in NYSE & 2.89 to 1 in Nasdaq

Net new 52 wk highs were leading by 402 in NYSE & 227 in Nasdaq

VIX Down 3.78% @ 13.48

Oil closed @ $90.82

Gold closed @ $1574.90

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, IBD is changing their market outlook tonight to "confirmed uptrend". With Dow being @ new all time high, S&P 500 is next to make a new all time high which is @ 1565.15 on  a closing basis. With any all time highs there is "series of new all time highs". Currently indices are not in overbought territory, when RSI gets to 70 area, then its time to evaluate. We all have to focus on WHY we are @ all time highs ?...the answer IS... "market generally looks ahead six months or more & sees good / better economy"

BLOG does NOT give buy or sell.

Saleem