Indices closed down .07% to .33%........

S&P 500 & Nasdaq made new 2012 highs intraday, but by end of the day, all indices closed lower.

S&P 500 high was 1419.15, closing @ 1412.52

CMF @ +0.170..@ lowest level in months....

RSI @ 66.70

Internals were :

Down volume led by 2.35 to 1 in NYSE & 1.20 to 1 in Nasdaq

Declining stocks led by 1.39 to 1 in NYSE & 1.64 to 1 in Nasdaq

New 52 wk highs were in the lead, 161 in NYSE & 179 in Nasdaq

VIX closed UP 9.33% @ 15.59

Oil closed @ $107.33

Gold closed @ $1684.90

In my portfolio :

Added 80% more OTEX @ $59.90, seconds before closing.

Portfolio is CNQ,OTEX,RIMM,RVBD

Here is my weighting as of close :

CNQ 26.33%

RIMM 25.31%

RVBD 24.80%

OTEX 23.56%

Exposure 106%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, today was NOT a decisive day in terms of direction. Indices rested today after a huge gain yesterday. There is still month end & quarter end window dressing left. Until Friday direction could be UP. As planned, i decided to book gain & reduce my exposure. I am still @ 106% exposure, which means, i am bullish in near term BUT not risking gains. In a strong bull market, we all have to do what seems PRUDENT. I am watching internals of the market closely to see IF there is a real shift. So far its business as usual.

BLOG does NOT give buy or sell.

Saleem