Indices closed UP .23% to .29%...NICE !!!!

Indices closed UP.

S&P 500 @ 2114.49, high 2120.95, low 2110.23

RSI @ 56.00

CMF @ 0.101

Internals were :

UP volume led by 1.66 to 1 in NYSE & 1.36 to 1 in Nasdaq

Advancing stocks led by 1.32 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 37 in NYSE & 25 in Nasdaq

VIX UP 1.18% @ 12.85

Oil @ $58.93

Gold @ $1186.80

Stocks which were UP 1% or more included :

AKS LULU RAD VDSI
QIHU YY TSLA SWIR LVS
SINA SPWR GRPN AMCC LSCC
CIEN JDSU X STLD DATA MS WYNN

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE confirmed this rally by going up two days in a row. Internals of this market is positive across the board which is desirable technical pattern in an uptrend. This rally may have further to go as many are skeptical of this move, this is a reliable contrary indicator for the most part. Most rally start like this , then it builds momentum.

BLOG does NOT give buy or sell.

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