Indices closed UP .55% to 1.02%....NICE !!!!

Indices closed UP despite poor retail sales data.

S&P 500 @ 1946.72, high 1948.41, low 1935.60

RSI @ 49.43

CMF @ -0.041

Internals were :

UP volume led by 2.24 to 1 in NYSE & 3.11 to 1 in Nasdaq

Advancing stocks led by 3.04 to 1 in NYSE & 2.00 to 1 in Nasdaq

Net new 52 wk highs were leading by 46 in NYSE & by 5 in Nasdaq

VIX Down 8.70% @ 12.90

Oil @ $97.59

Gold @ $1314.50

Stocks which were UP 1% or more included FB MU SWIR
QIHU GTAT GG OTEX YELP YHOO BIDU KORS
GOOGL AAPL TSL JKS CSIQ AMZN CMG 
FFIV SPWR INVN ARUN SNDK NFLX
PANW SPLK X STLD CCJ DATA
CSOD TRLA Z TRIP MLNX....

AH ER...NTAP UP 1.15%, CSCO Down 1.15%
               VIPS Down 4.88%

AH futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was strong & closed near high of the day, internals were strong also.Nasdaq closed above 50 DMA sign of leadership & strength. Tonight IBD is changing its market outlook to "market in confirmed uptrend"... This TAPE is proving again, that one needs to form their own opinion about market & many stocks & not let media dictate your buy or sell.Staying the course has worked profitably. S&P 500 is all set to go above 50 DMA.

BLOG does NOT give buy or sell.

Saleem