Indices closed UP.
S&P 500 @ 2268.88, high 2273.82, low 2266.15
RSI @ 67.53
CMF @ -0.027
Internals were :
UP volume led by 2.57 to 1 in NYSE & 2.41 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 166 in Nasdaq
VIX UP 4.81% @ 11.99
Oil @ $53.90
Gold @ $1138.70
Stocks which were UP 1% or more included AMD TECK
CHK PI NVDA AMZN ABX OLED KGC JKS CSIQ
FSLR SPWR LEN NFLX TSLA SINA WB EBAY
RIG FEYE LNG YELP CIEN AGU TRIP DATA
CSOD SLW AEM CRUS X.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP on positive economic data and record consumer confidence. Internals of the market improved substantially. Strong stocks continues to outperform, technology are leading the way, solar showed strength also. Rotation is very much in vogue. Today was the last day of booking loss or gains for 2016, but some institutions use the last trading day of the year as book date. We have 3 trading day left to position for 2017, while volume is thin due to holidays.
BLOG does NOT give buy or sell.
Saleem
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