Indices closed down .98% to 1.47%.....

Indices closed down.

S&P 500 @ 2041.91, low 2033.80, high 2063.01

RSI @ 54.91

CMF @ 0.316

Internals were :

Down volume led by 4.35 to 1 in NYSE & 3.82 to 1 in Nasdaq

Declining stocks led by 3.47 to 1 in NYSE & 2.74 to 1 in Nasdaq

Net new 52 wk highs were leading by 63 in NYSE & lows by 4 in Nasdaq

VIX UP 14.69% @ 16.16

Oil @ $37.26

Gold @ $1237.50

AH ER...GPS Down 8.74%, RT Down 18.58%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure from Asia to Europe and on to North America, Oil was lower but recovered, equities followed. Tonight IBD has changed its market outlook to "uptrend under pressure". There is nervousness about quality of earnings going into next week, it may not be as expected. Taking profit has to be the mantra going forward. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed