Indices closed down .04% to .42%......

Indices closed down.

S&P 500 @ 2089.41, low 2082.63, high 2092.52

RSI @ 68.01

CMF @ 0.391

Internals were :

Down volume led by 1.76 to 1 in NYSE & 2.26 to 1 in Nasdaq

Declining stocks led by 1.56 to 1 in NYSE & 1.75 to 1 in Nasdaq

Net new 52 wk highs were leading by 37 in NYSE & 23 in Nasdaq

VIX UP 1.95% @ 14.61

Oil @ $46.06

Gold @ $1147.30

AH ER.....EXPE UP 6.49%, BIDU UP 6.84%
                LNKD UP 12.40%, FSLR UP 12.90%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE showed its resiliency by closing near upper end of the range, even though all indices were down @ close. Based on good earnings report tonight, we should have a strong close, any buying should be done @ open to benefit from higher prices @ close. Yes some earnings reports are discouraging but it is important to regroup and look for opportunity even in the bargain bin.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed