Indices closed down .04% to .36%.......

Indices closed down.

S&P 500 @ 2809.21, low 2781.81, high 2816.94

RSI @ 41.56

CMF @ -0.201

Internals were :

Down volume led by 1.24 to 1 in NYSE & .89 to 1 in Nasdaq

Declining stocks led by 1.71 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new 52 wk lows were leading by 148 in NYSE & 80 in Nasdaq

VIX Down 1.25% @ 17.40

Oil @ $69.75

Gold @ $1227.40

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under mild selling due to Fed minutes which was very hawkish. When Fed is that clear on its future interest rate policies, it is never good for equities. In a way I am a bit surprised that we did not close @ low of the day and were not down more than .36%, that gives me hope for Thursday's close, which may be positive.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed