Indices closed down .37% to .46%......

Indices closed down.

S&P 500 @ 2080.41, low 2080.41, high 2093.81

RSI @ 54.63

CMF @ -0.045

Internals were :

Down volume led by 1.62 to 1 in NYSE & .79 to 1 in Nasdaq

Declining stocks led by 1.32 to 1 in NYSE & 1.14 to 1 in Nasdaq

Net new 52 wk highs were leading by 29 in NYSE & by 86 in Nasdaq

VIX UP 6.68% @ 16.13

Oil @ $41.65

Gold @ $1065.80

AH ER....LOCO UP 2.61%, WPRT Down 3.47%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure and all indices closed @ low of the day, S&P 500 closed @ absolute lowest point. This was a normal consolidation after huge gains, expect a resumption of high spirited buying again.All strong stocks took a time out again but sox continued its strong recovery. Diversification is highly recommended all the time as sector rotation takes hold.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed