Indices closed down .45% to 1.10%......

Indices closed down.

S&P 500 @ 2036.71, low 2034.86, high 2048.55

RSI @ 63.60

CMF @ 0.328

Internals were :

Down volume led by 5.90 to 1 in NYSE & 2.94 to 1 in Nasdaq

Declining stocks led by 2.93 to 1 in NYSE & 3.83 to 1 in Nasdaq

Net new 52 wk highs were leading by 59 in NYSE & lows by 16 in Nasdaq

VIX UP 5.43% @ 14.94

Oil @ $39.79

Gold @ $1224.00

AH ER...PVH UP 5.44%, KBH UP 7.02%

AH Futures Down

AH Asian Markets Mixed

AH Oil& Gold Down

About market, TAPE was under selling pressure from open and closed near low of the day. Reason for this change in direction was US$ being strong which put pressure on Oil & Gold. These pullbacks are a good buying opportunity. Patience and conviction needs to be in focus instead of headlines like Belgium which had a delayed focus today. It is important that we close on Thursday above low of the day.There is a closing BLOG around 7 PM  on Thursday as Friday is a holiday in US & Canada.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed