Indices closed down .06% to .18%.....

Indices closed down.

S&P 500 @ 2544.73, low 2541.60, high 2551.82

RSI @ 72.21

CMF @ 0.518

Internals were :

Down volume led by 1.64 to 1 in NYSE & 1.04 to 1 in Nasdaq

Declining stocks led by 1.21 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 168 in NYSE & 175 in Nasdaq

VIX UP 7.05% @ 10.33

Oil @ $49.58

Gold @ $1285.00

AH news...URBN UP 5.88%, BLK Down 6.07%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed slightly lower but internals were much weaker. How we close from hereon matters to know the direction / strength of this TAPE. We made Intraday new all time highs but gave up those gains by close. It will be better to sell in strength and buy on weakness.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed