Indices closed down .04% to .28%......

Indices closed down.

S&P 500 @ 2474.02, low 2462.08, high 2474.41

RSI @ 58.86

CMF @ 0.292

Internals were :

Down volume led by 1.83 to 1 in NYSE & 1.80 to 1 in Nasdaq

Declining stocks led by 2.29 to 1 in NYSE & 2.47 to 1 in Nasdaq

Net new 52 wk lows were leading by 24 in NYSE & by 81 in Nasdaq

VIX UP 1.37% @ 11.11

Oil @ $49.56

Gold @ $1279.30

AH ER....NTES Down 2.87%

NTES earnings report was a beat....

Sales Actual $2.0 billion, expected $1.9 billion...

EPS Actual $3.86, expected $3.82

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, despite North Korea tension, indices closed @ high of the day, this reflects traders comfort level with this TAPE. Many strong stocks were on sale, i shuffled my portfolio for short term gains. Today's TAPE is very comforting for traders looking for opportunistic moves, both in selling and buying back. Many earnings report were not strong going into today, but one cannot tell they way we closed.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed