Indices closed down .04% to .21%......

Indices were faced with weak data from China & closed lower.


S&P 500 @ 1877.17, high 1877.87, low 1867.04


RSI @ 65.92


CMF @ 0.208


Internals were :


Down volume led by 1.71 to 1 in NYSE & .99 to 1 in Nasdaq


Declining stocks led by 1.31 to 1 in NYSE & 1.14 to 1 in Nasdaq


Net new 52 wk highs were leading by 64 in NYSE & 103 in Nasdaq


VIX UP .64% @ 14.20


Oil @ $101.12


Gold @ $1341.50


AH ER : URBN Down 2.69%, PWRD UP 4.32%


AH Futures UP


AH Asian Markets Mixed


AH Oil UP


AH Gold Down


About market, based on TAPE today it was obvious that VIX was not buying all the gloom from China, after 1 hour it reached its HOD @ 15.28 & then it went down in a straight line to close @ low of the day. Indices closed @ high of the day. It is generally believed that Chinese economy hit its bottom in Feb & all stat will reflect that, China has a target of 7.5% GDP growth for 2014. TAPE reflects future & it was evident today that market is looking ahead in China & US. I am expecting a good day for "turnaround Tuesday"....


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed