Indices closed UP .49% to 1.09%....NICE !!!!

Indices closed UP.

S&P 500 @ 2627.04, high 2627.69, low 2605.44

RSI @ 72.16

CMF @ 0.350

Internals were :

UP volume led by 3.58 to 1 in NYSE & 1.54 to 1 in Nasdaq

Advancing stocks led by 2.15 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new 52 wk highs were leading by 163 in NYSE & 193 in Nasdaq

VIX UP 1.62% @ 10.03

Oil @ $57.99

Gold @ $1294.90

AH ER.....MRVL UP 3.14%, ADSK Down 10.66%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed @ high of the day and made a new closing all time high in S&P 500, Dow & Nasdaq, all due to movement on tax reform by Senate. Nasdaq leaders were a bit sluggish today, while other stocks too off. Tax reform driven rally may have more legs. RSI just stepped into overbought territory, booking profit may not be a bad idea into any further strength.

BLOG does NOT give buy or sell.

Saleem