Indices closed UP .04% to .89%...NICE !!!!!

Indices closed higher & Dow & S&P 500 closed @ their highest point in history.

S&P 500 @ 2069.41, high 2070.17, low 2065.07

RSI @ 74.62

CMF @ 0.535

Internals were :

UP volume led by 1.15 to 1 in NYSE & 3.21 to 1 in Nasdaq

Advancing stocks led by 1.66 to 1 in NYSE & 2.56 to 1 in Nasdaq

Net new 52 wk highs were leading by 137 in NYSE & 71 in Nasdaq

VIX Down 2.17% @ 12.62

Oil @ $75.78

Gold @ $1195.70

Stocks UP 1% +  includes BBRY EGO MU NXPI
SWIR JCP YY YELP EXPE YHOO LNKD
TSLA KORS AAPL BABA COH DNKN
FFIV WB FEYE FSLR ARUN CRUS
SNDK CIEN C PANW M DATA
WLT TRLA Z ........

AH ER..WDAY Down 7.14%, PANW Down 1.32%
               NUAN UP 3.07%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE is ignoring overbought conditions and keeps making new highs, There is enthusiasm for further easing by EU & China which is forcing money managers to increase their equity allocation. Seasonality is also a huge plus for this ongoing strength. Do not forget to book gains to benefit from any weakness which may eventually happen. In the meantime, keep your exposure high in an opportunistic manner.

BLOG does NOT give buy or sell.

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