Indices closed UP 1.06% to 1.33%....NICE !!!!

Indices closed UP.

S&P 500 @ 2078.36, high 2081.56, low 2060.54

RSI @ 54.96

CMF @ 0.033

Internals were :

UP volume led by 3.80 to 1 in NYSE & 3.07 to 1 in Nasdaq

Advancing stocks led by 2.85 to 1 in NYSE & 2.30 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & by 33 in Nasdaq

VIX Down 4.91% @ 16.08

Oil @ $37.87

Gold @ $1068.00

Stocks which were UP 2% or more included CNQ CY VDSI
TCK AMZN PCLN GPRO TSLA YELP AMCC WYNN....

AH ER / News ...Z UP 5.46%, CREE UP 1.96%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was strong and closed near high of the day, all internals are positive after a long time which says about net buying today. Oil has been in the drivers seat in terms of direction of this market, tomorrow we may uncouple from that as TAPE has its own momentum now for month end. 2016 is here already and hope we all do better in next 52 weeks as we are all more experienced in ups & downs of Wall Street.

BLOG does NOT give buy or sell.

Saleem