Indices closed UP .75% to 1.00%....NICE !!!!

Indices closed UP.

S&P 500 @ 2697.79, high 2701.27, low 2674.14

RSI @ 56.69

CMF @ 0.094

Internals were :

UP volume led by 1.98 to 1 in NYSE & 1.93 to 1 in Nasdaq

Advancing stocks led by 1.73 to 1 in NYSE & 1.65 to 1 in Nasdaq

Net new 52 wk highs were leading by 166 in NYSE & 109 in Nasdaq

VIX Down 8.77% @ 13.42

Oil @ $71.14

Gold @ $1313.00

AH news...KODK Down 7.34%, OTEX Down 9.81%
                 SNCR Down 13.31%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed near high of the day on 4 year high oil prices.Dow, S&P 500 and Nasdaq all closed above 50 DMA, a rarity considering ongoing volatility. I am personally not very constructive on this market right now as we have been UP for several days and VIX is near low of few months,most important earnings are already baked in the market, not an ideal comfort zone for me, i may bargain hunt just to stay engaged.

BLOG does NOT give buy or sell.

Saleem