Indices closed down .10% to .52%......

Indices closed down.

S&P 500 @ 2429.39, low 2419.97, high 2430.38

RSI @ 61.94

CMF @ 0.251

Internals were :

UP volume led by 1.26 to 1 in NYSE & .59 to 1 in Nasdaq

Advancing stocks led by 1.02 to 1 in NYSE & .73 to 1 in Nasdaq

Net new 52 wk highs were leading by 111 in NYSE & 54 in Nasdaq

VIX UP 7.10% @ 11.46

Oil @ $46.08

Gold @ $1268.90

In my portfolio Added 120% BBRY @ $10.58

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was weak but closed near high of the day. Nasdaq was the real story for 2 days in a row, it slumped 231.03 points or 3.64% from high to low today, hopefully, this selling is more than overdone, no technical levels were breached like 50 DMA. The real carnage was in SOX which corrected 96.53 points or 8.39% from high to low in 2 days.Hopefully you have adjusted your portfolio to better position for next ride UP.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed