Indices closed down .27% to .48%.....

Indices closed near low of the day.

S&P 500 @ 1800.90, low 1798.60, high 1810.02

RSI @ 62.65

CMF @ 0.198

Internals were :

Down volume led by 2.12 to 1 in NYSE & 1.46 to 1 in Nasdaq

Declining stocks led by 2.60 to 1 in NYSE & 2.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 82 in NYSE & 126 in Nasdaq

VIX UP 3.87% @ 14.23

Oil @ $93.82

Gold @ $1221.90

AH ER KKD Down 13.81%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, last forty five minutes of trading saw a downward push, weak close is not a good omen for Tuesday's TAPE action. I am expecting another weak close based on weak internals. Nasdaq had moved into overbought territory followed by S&P 500, that was the trigger for last hour weakness. We may see technical rebound on Wednesday.

BLOG does NOT give buy or sell.

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