Indices closed down .10% to .16%......

Indices closed red in a zig zag session.

S&P 500 @ 2109.60, low 2099.14, high 2117.59

RSI @ 49.68

CMF @ 0.004

Internals were :

UP volume led by 1.56 to 1 in NYSE & .90 to 1 in Nasdaq

Advancing stocks led by 1.19 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 15 in NYSE & 44 in Nasdaq

VIX UP 1.93% @ 14.24

Oil @ $61.26

Gold @ $1194.40

Stocks which were UP 1% or more included AKS BBRY VDSI
QIHU GG YELP PCLN KORS LVS LNKD JKS SU FSLR
SPWR YNDX HIMX AMCC JCP M X STLD ABX 
SLW AEM CCJ CSOD CNQ Z......

AH ER ...AMBA UP .86%, SNCR UP 15.68%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure again , Dow & S&P 500 both went below 50 DMA, only Dow closed below. Internal strength of this market is very shaky and on the verge of moving lower. We need a flush out of weakness, this way we may start building a stronger base, there is no base currently. We are in an extremely narrow trading range which is not healthy. Buying on weakness may work.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed