Indices closed down .27% to .30%.....

Indices closed down.

S&P 500 @ 2126.50, low 2124.43, high 2135.61

RSI @ 40.52

CMF @ -0.047

Internals were :

Down volume led by 1.65 to 1 in NYSE & 1.79 to 1 in Nasdaq

Declining stocks led by 1.51 to 1 in NYSE & 1.48 to 1 in Nasdaq

Net new 52 wk highs were leading by 4 in NYSE & lows by 74 in Nasdaq

VIX UP .56% @ 16.21

Oil @ $49.94

Gold @ $1256.60

AH ER ...NFLX UP 19.66%, IBM Down 3.04%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure again and closed near low of the day, negativity is due to fed speak, election jitters and lower oil. Earning season have started and there was a surprise upbeat result from NFLX tonight. Many strong stocks have pulled back to support area and are ready for up move. I did many switch to better position in earnings season, more switch to follow.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed