Indices closed UP .06% to .55%....NICE !!!!

Indices closed UP second day in a row.

S&P 500 @ 1892.49, high 1896.33, low 1885.39

RSI @ 56.34

CMF @ 0.212

Internals were :

UP volume led by 1.81 to 1 in NYSE & 2.85 to 1 in Nasdaq

Advancing stocks led by 1.84 to 1 in NYSE & 2.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 95 in NYSE & 23 in Nasdaq

VIX UP 1.01% @ 12.03

Oil @ $103.74

Gold @ $1295.00

Stocks which were UP 1% or more included GRPN OWW
M LEN YY YELP LNKD TSLA GOOGL LVS CMG
CSIQ ONVO INVN GTAT YNDX AMCC CIEN
FNSR PANW SPLK SBUX DATA CSOD MS
TRLA Z WYNN TRIP MLNX.....

AH ER : MRVL Down 2.44%, ARUN Down 7.43%
               NTAP UP 1.49%, BRCD UP 1.85%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE confirmed this rally by closing higher two days in a row. Nasdaq closed above 50 DMA in almost 2 months. Volume was higher today. I am expecting higher close again & should see new all time highs in S&P 500 ahead of memorial day long weekend. Staying diversified has helped my portfolio to balance any negative TAPE due to earnings reaction which @ best has been unpredictable. Staying the course with conviction is the only way to counter wild swing in stocks & market.

BLOG does NOT give buy or sell.

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