Indices closed UP .42% to 1.21%....NICE !!!!

Indices closed UP.

S&P 500 @ 2549.69, high 2566.16, low 2524.56

RSI @ 48.65

CMF @ -0.171

Internals were :

UP volume led by 3.80 to 1 in NYSE & 3.91 to 1 in Nasdaq

Advancing stocks led by 3.69 to 1 in NYSE & 3.05 to 1 in Nasdaq

Net new 52 wk lows were leading by 3 in NYSE & highs by 12 in Nasdaq

VIX UP .09% @ 21.40

Oil @ $48.52

Gold @ $1289.90

Stocks which were UP 4% or more AMD ESTC NVDA SQ
IQ SHOP ROKU LULU SPLK NFLX TSLA CHK TK
RIG JKS TWTR OSTK ULTA CMG.....

AH futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong and internals improved, Since making a solid bottom 8 trading days ago, we have been UP 6 days and down 2 days and have made higher highs and higher closing highs, strong technical picture. Whenever markets comes out of serious down fall like we had since start of October, it is tough to believe in any rallies for fear of being trapped.This time we have come UP 203.11 points or 8.66% off lows in S&P 500, in Nasdaq we have come UP 633.30 points or 10.23% off lows and UP 7 out of 8 trading days, sounds very convincing to me.

BLOG does NOT give buy or sell.

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