Indices closed down .43% to 1.48%.....

Indices closed down.

S&P 500 @ 2047.62, low 2036.53, high 2080.33

RSI @ 44.65

CMF @ -0.163

Internals were :

Down volume led by 1.11 to 1 in NYSE & 2.84 to 1 in Nasdaq

Declining stocks led by 1.54 to 1 in NYSE & 2.23 to 1 in Nasdaq

Net new 52 wk lows were leading by 146 in NYSE & by 116 in Nasdaq

VIX UP 11.42% @ 19.61

Oil @ $37.16

Gold @ $1076.50

AH ER..SPWR Down 2.78%, FSLR Down 9.43%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE reversed badly today and took most stocks lower. S&P 500 closed below 50 & 200 DMA. Nasdaq managed to make "golden cross" even on a sharply lower day. Staying with better performing stocks or emerging stocks is a good idea. Market goes through these "tantrums" even on good news. Be patient and show conviction with better performing stocks while liquidating weak ones.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed