Indices closed down .04% to .51%......

Indices closed down.

S&P 500 @ 2776.42, low 2768.64, high 2807.54

RSI @ 77.63

CMF @ 0.226

Internals were :

Down volume led by 2.02 to 1 in NYSE & 1.79 to 1 in Nasdaq

Declining stocks led by 2.04 to 1 in NYSE & 2.18 to 1 in Nasdaq

Net new 52 wk highs were leading by 359 in NYSE & 399 in Nasdaq

VIX UP 14.76% @ 11.66

Oil @ $63.73

Gold @ $1337.10

AH news...JUNO UP 42.76%, BWLD Down 6.35%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE started very strong by making a new all time highs in Dow, S&P 500 and Nasdaq, Dow was UP 283 @ high of the day but went down 100 points @ low of the day, but closed down only 10 points. Today was a profit taking day, buyers came in @ low of the day again. This pullback was a welcome news as froth was taken out in a hurry, VIX jumped to a reasonable 11.66 area, lot of room for bullish action.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed