Indices closed mixed......

Indices closed mixed...

S&P 500 @ 2559.36, high 2559.71, low 2554.69

RSI @ 74.51

CMF @ 0.396

Internals were :

Down volume led by 1.29 to 1 in NYSE & 1.16 to 1 in Nasdaq

Declining stocks led by 1.40 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new 52 highs were leading by 117 in NYSE & 40 in Nasdaq

VIX UP 4.04% @ 10.31

Oil @ 51.88

Gold @ $1286.20

AH news....CREE Down 3.88%, SCSS Down 3.55%
                   IBM UP 5.58%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed mixed, DOW made a new all time high. On surface everything looks normal as major indices either were UP or close to unchanged, but real negativity is developing in internals for few days, pay close attention to internals and how we close from hereon. Most good earnings are being greeted with a big yawn.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed