Indices closed down .40% to .48%.....

Indices closed down on weak data & comment form Fed.

S&P 500 @ 2080.15, low 2067.93, high 2098.42

RSI @ 45.12

CMF @ 0.067

Internals were :

Down volume led by 2.00 to 1 in NYSE & 1.41 to 1 in Nasdaq

Declining stocks led by 2.07 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk lows were leading by 54 in NYSE & 50 in Nasdaq

VIX UP 5.87% @ 15.15

Oil @ $60.93

Gold @ $1190.30

AH ER ...CSOD UP 6%, GMCR Down 10.90%
                WFM Down 11.36%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, tonight IBD is changing its market outlook to "market in correction". So far Bill Gross, El-Erian,IBD & Janet Yellen all calling for market to pullback, that is generally a good time to increase exposure. Internals @ close are not that bad and TAPE recovered 50% of losses by close which is a good sign. Ignore the noise and stay with conviction.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed