Indices closed UP .92% to 1.27%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2099.50, high 2106.85, low 2061.23

RSI @ 55.96

CMF @ 0.181

Internals were :

UP volume led by 5.41 to 1 in NYSE & 2.53 to 1 in Nasdaq

Advancing stocks led by 4.62 to 1 in NYSE & 1.48 to 1 in nasdaq

Net new 52 wk highs were leading by 138 in NYSE & 115 in Nasdaq

VIX Down 10.79% @ 13.97

Oil @ $44.66

Gold @ $1151.30

AH ER ..SLW Down 1.05%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, Fed gave all the reasons for TAPE to be strong, downgrading US economy brought US$ down and gave boost to other currencies and commodities. Fed also prepared the market for interest rate hike beginning in June or thereafter. Nasdaq was a bit of a laggard as it was strong in previous two days. Expect TAPE to continue its move into series of new record high close all over. Russell made it into new all time high already today.

BLOG does NOT give buy or sell.

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