Indices closed UP 1.12% to 1.75%.....NICE !!!!

Indices closed @ high of the day, thanks to consumer confidence being @ 7 year high.

S&P 500 @ 1985.05, low 1964.14

RSI @ 59.66

CMF @ 0.050

Internals were :

UP volume led by 6.58 to 1 in NYSE & 6.73 to 1 in Nasdaq

Advancing stocks led by 5.18 to 1 in NYSE & 3.97 to 1 in Nasdaq

Net new 52 wk highs were leading by 155 in NYSE & 90 in Nasdaq

VIX Down 10.29% @ 14.39

Oil @ $81.42

Gold @ $1229.40

Stocks which were UP 2% or more included AKS NXPI
TSL BBRY QIHU GG OTEX YELP YHOO LNKD
BIDU TSLA WUBA KOG JKS CSIQ SINA SU
CMG FFIV MA FEYE FSLR SPWR YNDX
ARUN CRUS AMCC GMCR SPLK X
STLD SLW AEM CCJ DATA MGA
CSOD WLT TRLA TRIP......

AH ER..PNRA Down 2.63%, GILD Down 4.27%
              FB Down 8.26%, AMCC Down 9.16%

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was the strongest today in this snapback, internals were strong and positive all over. S&P 500 and Nasdaq closed @ the absolute highest point of the day, Dow missed by few ticks.Fed curtailment of bond buying will not interrupt this bull run, it is expected by just about everyone, no surprise there.

BLOG does NOT give buy or sell.

Saleem