Indices closed down .60% to .83%......

Indices closed down.

S&P 500 @ 2280.90, low 2268.04, high 2286..01

RSI @ 56.44

CMF @ 0.201

Internals were :

Down volume led by 3.53 to 1 in NYSE & 2.39 to 1 in Nasdaq

Declining stocks led by 2.36 to 1 in NYSE & 3.26 to 1 in Nasdaq

Net new 52 wk highs were leading by 20 in NYSE & 11 in Nasdaq

VIX UP 12.29% @ 11.88

Oil @ $52.63

Gold @ $1196.00

AH ER..SANM UP 10.87%, RMBS Down 5.44%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure on reaction to immigration executive orders, we erased half of the losses by close. CMF actually rose to the highest level in 6 weeks in all major indices, a sign of buying interest.Hopefully, Tuesday close will be positive. This TAPE is very strong and wants to go higher on upcoming tax, infrastructure and deregulation changes. Judicious buying should pay off nicely.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed