Indices closed Down from 1.38% to 1.61%....

Indices closed down about 1.6%, thanks to Oil spiking UP sharply.......

These are Geo-political events which takes a life of its own.

Economic news continues to be upbeat worldwide.

Here is the read on the internals of the market @ close :

Down volume led by 8.17 to 1 in NYSE & 4.82 to 1 in Nasdaq

Declining stocks led by 3.16 to 1 in NYSE & 3.29 to 1 in Nasdaq

New highs were in the lead by 182 in NYSE & 90 in Nasdaq....

VIX spiked UP 14.5% @ 21.01

Here is the closing RSI in indices :

Nasdaq 45.91

S&P 500 48.26

Dow 48.35

Based on the above read we have a very good chance of closing above recent lows.In S&P 500 number to watch is 1294.26.....we may dip below intraday but close is more important.....

In my portfolio :

Sold some FFIV

Added 40% RVBD @ $39.95 from sale of FFIV..RVBD moves up to my biggest position followed by RIMM then FFIV,F,NVDA.....

Portfolio is FFIV,F,NVDA,RIMM,RVBD

AH Futures Down

AH Asian Markets Down

AH Gold Down

AH Oil UP

BLOG does NOT give buy or sell.

Saleem