Indices closed down .07% to .13%.....

Indices closed down.

S&P 500 @ 2793.90, low 2789.47, high 2803.12

RSI @ 69.42

CMF @ 0.306

Internals were :

Down volume led by 1.39 to 1 in NYSE & 1.20 to 1 in Nasdaq

Declining stocks led by 1.29 to 1 in NYSE & 1.56 to 1 in Nasdaq

Net new 52 wk highs were leading by 112 in NYSE & 42 in Nasdaq

VIX UP 2.15% @ 15.17

Oil @ $55.55

Gold @ $1328.50

AH news...WTW Down 31.96%, VICR Down 13.43%

                  GWPH UP 9.22%, PANW UP 9.83%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE stayed closed to unchanged whole day then closed ever so slightly lower. Internals were weak. Market looks very tired that is why it could not break technical resistance in S&P 500 despite Fed chief in his testimony was more than bullish for stock market. When good news does not propel market higher, then its time to book profit.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed