Indices closed down .19% to .74%.......

Indices were caught in Fiscal Cliff deadlock again with no new development.

S&P 500 closed @ 1419.83

RSI 50.11

CMF 0.087

Internals were :

Down volume led by 1.38 to 1 in NYSE & 2.33 to 1 in Nasdaq

Declining stocks led by 1.85 to 1 in NYSE & 1.85 to 1 in Nasdaq (no typo)

Net new 52 wk highs were leading by 37 in NYSE & 12 in Nasdaq

VIX closed UP 4.79% @ 19.48

Oil closed @ $90.98

Gold closed @ $1660.70

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, Senate is expected to propose a watered down plan for vote. IF 7 Republican vote for this plan, then we have a good situation for the market & investors psyche. Market should get some hope from Senate & eventual passing by House which may come very quickly. Thursday should be a good day compared to last three days.

BLOG does NOT give buy or sell.

Saleem