Indices closed down .20% to .40%......

Indices closed down.

S&P 500 @ 2175.49, low 2172.00, high 2183.41

RSI @ 60.20

CMF @ 0.249

Internals were :

Down volume led by 1.60 to 1 in NYSE & 2.21 to 1 in Nasdaq

Declining stocks led by 1.25 to 1 in NYSE & 1.89 to 1 in Nasdaq

Net new 52 wk highs were leading by 199 in NYSE & 88 in Nasdaq

VIX UP 3.34% @ 12.05

Oil @ $41.71

Gold @ 1351.90

AH news....CHK UP 5.42%, SHAK Down 9.47%
                   VRX Down 12.70%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market,TAPE followed oil and closed near low of the day. Internals were negative for the most part. Oil linkage with equities have been reestablished again. VIX is not percolating like before, is a good thing for equities. Weakness is a good way to get into stocks which are outperforming. Being diversified into different sectors can offset weakness in individual stock.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed