Indices closed down .34% to 1.04%.....

Indices were under selling pressure on high volume.

S&P 500 @ 1502.42

RSI @ 51.25

CMF @ 0.208

Internals were :

Down volume led by 3.30 to 1 in NYSE & 4.52 to 1 in Nasdaq

Declining stocks led by 2.36 to 1 in NYSE & 2.30 to 1 in Nasdaq

Net new 52 wk highs were leading by 243 in NYSE & 8 in Nasdaq

VIX UP 3.68% @ 15.22

AH ER :

JWN Down 2.31%

TXN UP 1.85%

AIG UP 4.27%

MRVL UP 5.49%

HPQ UP 6.14%

FIRE UP 11.29%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, S&P corrected 2.21% from highs to low today which is a mild pullback. The impact on traders psychy was much more intense, we went from everything rosy to bad everything. Economic data worldwide has been weak which will prevent fed to do anything in near term. Pullbacks are good to get rid of froth & we are back @ looking north.

BLOG does NOT give buy or sell.

Saleem