Indices closed mixed......

Indices closed mixed on Fed Governor's speeches.

S&P 500 @ 1767.69, low 1762.29

RSI @ 59.77

CMF @ 0.344

Internals were :

Down volume led by 1.49 to 1 in NYSE & .81 to 1 in Nasdaq

Declining stocks led by 1.73 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 60 in NYSE & 65 in Nasdaq

VIX UP 2.31% @ 12.82

Oil @ $93.04

Gold @ $1271.20

AH ER :

SINA UP 4.07%

NQ Down 4.33%

SINA ER was a beat on Sales of $184.6 million by $5.99 million, EPS of 42 cents was a beat by 10 cents

Guidance for Q4 of $192 million was higher by $10 million

Gross margin @ 64% for Q3 was higher than 54% in Q2 & Q3 of 2012, guiding 64% for Q4

Conference call was upbeat for Q4 with further Sales gain in Weibo monetization & mobile ads.....

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, here we go again in terms of TAPER when December is being talked about. Every time Fed governors comes out & say things to get attention, Fed policy is not that erratic they will prepare market with a time frame not 18 days notice. Internals have gone negative for the most part which is a reflection of profit taking & money staying on the sidelines. IF we are down on Wednesday money will come in as has been the pattern of "buy the dip strategy"

BLOG does NOT give buy or sell.

Saleem