Indices closed UP 1.16% to 1.39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2104.18, high 2105.35, low 2080.98

RSI @ 52.59

CMF @ 0.047

Internals were :

UP volume led by 7.87 to 1 in NYSE & 3.25 to 1 in Nasdaq

Advancing stocks led by 3.17 to 1 in NYSE & 2.38 to 1 in Nasdaq

New 52 wk highs were leading by 4 in NYSE & lows by 24 in Nasdaq

VIX Down 8.66% @ 12.23

Oil @ $44.96

Gold @ $1104.10

Stocks which were UP 2% or more included GPRO LULU VDSI
AMBA TSL FEYE YELP AAPL BABA SWIR TWTR MU
NXPI LEN JKS CSIQ FSLR SPWR SINA SU YNDX
CRUS SNDK AMCC LSCC GMCR SPLK STLD
X ABX SLW AEM CCJ DATA CSOD CNQ
BRCM MLNX.....

AH Futures Mixed

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE showed strength by closing near high of the day, many pundits were mumbling about the reasons for this rally, they have been playing " don't buy the dip thesis ". Nasdaq & S&P 500 are above 50 & 200 DMA, while Dow remains below 50 & 200 DMA. Many sectors participated in this rally, internals improved big time. Expecting a confirmation of this rally by close on Tuesday.

BLOG does NOT give buy or sell.

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