Indices closed down .28% to .41%.....

Indices closed down.

S&P 500 @ 2652.01, low 2652.01, high 2668.09

RSI @ 66.24

CMF @ -0.021

Internals were :

Down volume led by 2.67 to 1 in NYSE & 1.54 to 1 in Nasdaq

Declining stocks led by 1.90 to 1 in NYSE & 2.25 to 1 in Nasdaq

Net new 52 wk highs were leading by 40 in NYSE & 21 in Nasdaq

VIX UP 3.05% @ 10.49

Oil @ $57.04

Gold @ $1257.10

AH ER....ORCL Down 6.63%

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was weak due to overbought conditions, money flow getting negative and tax politicking which has put a temporary hold on reform. Indices closed @ low of the day. I do not believe that this negativity is bad, it is actually healthy to get technicals back in order. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed