Indices closed down .03% to .37%....

Indices closed down.

S&P 500 @ 2798.03, low 2792.56, high 2805.83

RSI @ 78.90

CMF @ 0.207

Internals were :

Down volume led by 2.08 to 1 in NYSE & .97 to 1 in Nasdaq

Declining stocks led by 2.67 to 1 in NYSE & 1.74 to 1 in Nasdaq

Net new 52 wk highs were leading by 81 in NYSE & 126 in Nasdaq

VIX UP 2.60% @ 12.22

Oil @ $63.95

Gold @ $1327.20

AH news.....MLNX UP 7.45%, AAOI UP 6.71%
                    AXP Down 2.70%, IBM Down 3.44%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE started UP but only Dow made a new all time high, Indices struggled due to looming government shutdown, there is some hope for averting that now, this gets resolved most of the time. This weakness was another opportunity to position in strong stocks. Internals were weak today die to limited selling, TAPE is in very good shape ready to take off again. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed