Indices closed down .66% to .79%....

Indices closed down.

S&P 500 @ 2900.51, low 2899.60, high 2923.63

RSI @ 46.73

CMF @ 0.125

Internals were :

Down volume led by 2.43 to 1 in NYSE & 1.65 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.71 to 1 in Nasdaq

Net new 52 wk highs were leading by 137 in NYSE & lows by 2 in Nasdaq

VIX UP 3.67% @ 17.50

Oil @ $56.13

Gold @ $1515.70

AH news....HSII UP 10.01%, CREE Down 3.85%

                   NCR Down 4.76%, UIS Down 4.89%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed @ low of the day, an attempt to rally mid day was met with selling. Internals were mostly negative. I will call this day a rest day for Indices with a negative bias. Market is waiting for news IF positive, we will rally and cross some key technical hurdles like 50 DMA.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed