Indices closed down .13% to .29%.....

Indices closed down.

S&P 500 @ 2578.87, low 2566.56, high 2579.66

RSI @ 58.22

CMF @ 0.309

Internals were :

Down volume led by 2.10 to 1 in NYSE & 1.32 to 1 in Nasdaq

Declining stocks led by 1.47 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk lows were leading by 24 in NYSE & 27 in Nasdaq

VIX UP .78% @ 11.59

Oil @ $55.70

Gold @ $1282.90

AH news...SORL UP 38.9%, WPRT UP 10%
                  BZH UP 4.13%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE is going through a corrective phase to restore technical health. Indices did pared down losses by close. Internals are decidedly negative again, this area is important to monitor for direction. We need a catalyst to change direction of this TAPE, which could be new tax code, there seems to be renewed focus to get Tax bill moving again.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed