Indices closed down .04% to .27%......

Indices closed down.

S&P 500 @ 2265.20, low 2257.02, high 2271.78

RSI @ 54.21

CMF @ 0.160

Internals were :

Down volume led by 1.49 to 1 in NYSE & 1.24 to 1 in Nasdaq

Declining stocks led by .84 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 57 in Nasdaq

VIX UP 1.99% @ 11.77

Oil @ $52.75

Gold @ $1215.60

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under mild selling pressure on jitters about many trade policy ramifications. We did close above low of the day. Internals were weak again. TAPE is trying to digest many moving policy parts of new administration. Rotation helped some sectors namely technology, gold and base metals. Oil remained under pressure. This phase of market needs few more days, in the meantime keep rotation going.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed