Indices closed down .96% to 1.21%......

Indices closed down.

S&P 500 @ 2064.47, low 2064.46, high 2083.29

RSI @ 49.89

CMF @ 0.130

Internals were :

Down volume led by 1.77 to 1 in NYSE & 2.75 to 1 in Nasdaq

Declining stocks led by 1.74 to 1 in NYSE & 2.43 to 1 in Nasdaq

Net new 52 wk highs were leading by 110 in NYSE & lows by 12 in Nasdaq

VIX UP 7.78% @ 14.69

Oil @ $46.23

Gold @ $1275.50

AH ER......SINA Down 3.87%, WB UP 3.51%
                  JACK UP 10.68%

NTES earnings report was a beat in Sales actual $1.228 billion vs expected $1.2 billion and huge beat in Q1 EPS Actual $3.12 vs expected $2.29, guidance for Q2 to be given @ conference call tonight @ 9PM.

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was sharply lower @ close ignoring oil being UP and US$ being down, both positive influence in past. TAPE was fixated on DIS & M and that is all that mattered. This TAPE lacks consistency now vs previous predictability based on oil & US$. Most Chinese internet earnings are positive which should give a boost to their share price on Thursday's trading.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed