Indices closed down .42% to .60%......

Indices closed lower on Greece situation.

S&P 500 @ 2084.43, low 2072.49, high 2091.34

RSI @ 42.95

CMF @ -0.115

Internals were :

Down volume led by 3.28 to 1 in NYSE & 1.65 to 1 in Nasdaq

Declining stocks led by 1.84 to 1 in NYSE & 1.47 to 1 in Nasdaq

Net new 52 wk lows were leading by 68 in NYSE & highs by 35 in Nasdaq

VIX UP 11.68% @ 15.39

Oil @ $59.52

Gold @ $1185.80

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, Greece situation came out in the open after talks failed yesterday in 45 minutes. There is still time left to resolve Greece situation, the real deadline is June 30th, June 25th leaders of EU are scheduled to meet. There is support for Greece to stay in EU & with Euro in internal Greek polls.I believe that there will be movement on both sides and a compromised solution CAN be done. SO it was another buying opportunity when Nasdaq went below 50 DMA, it closed UP by 6 points above. Dow & S&P 500 are digging deeper below 50 DMA. I am expecting a strong close on Tuesday.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed