Indices closed down .15% to .44%.......

Indices closed down.

S&P 500 @ 2681.47, low 2680.74, high 2694.44

RSI @ 70.71

CMF @ -0.013

Internals were :

Down volume led by 1.80 to 1 in NYSE & 1.40 to 1 in Nasdaq

Declining stocks led by 1.82 to 1 in NYSE & 1.82 to 1 in Nasdaq 
( not a typo )

Net new 52 wk highs were leading by 117 in NYSE & 110 in Nasdaq

VIX UP 5.25% @ 10.03

Oil @ $56.46

Gold @ $1264.60

AH ER...MU UP 5.39%, RHT Down 3.52%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was negative today and closed @ low of the day, Market waiting for passage of tax reform, signed and made law of the land. Today's TAPE is very normal based on 70 new all time highs this year, that is a new record for any year. Technicals are telling us that this is a very different TAPE which even i have not observed since since 1970. Stay engaged with this market with your own comfort level, many sectors are on fire, those should be on your portfolio.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed