Indices closed down .07% to .35%.....

Indices closed down.

S&P 500 @ 1852.21, low 1834.94, high 1868.25

RSI @ 36.91

CMF @ 0.104

Internals were :

Down volume led by 1.83 to 1 in NYSE & 2.03 to 1 in Nasdaq

Declining stocks led by 2.31 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new 52 wk lows were leading by 433 in NYSE & 441 in Nasdaq

VIX UP 2.08% @ 26.54

Oil @ $27.94

Gold @ $1198.60

AH ER...DIS Down 3.43%, SCTY Down 33.51%
                PNRA UP 3.4%, AKAM UP 16.76%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

BIDU did not report although all brokerages were showing today as earnings day, Chinese New Year may be playing a role in this confusion.

About market, TAPE continues to be hostage to oil price movement as oil related loans are very much in focus.Janet Yellen testimony can help sentiment which may clear up her interest rate hike focus. There is extreme reaction to any disappointment in earnings and good earnings lose their gains quickly, thus a no win situation for now. Stay with conviction as this phase may be coming to an end soon.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed