Indices closed mixed......

Indices closed mixed after an UP DOWN UP move.

S&P 500 @1869.43, high 1877.01, low 1850.61

RSI @ 52.93

CMF @ 0.162

Internals were :

Down volume led by 1.24 to 1 in NYSE & 1.89 to 1 in Nasdaq

Advancing stocks led by 1.09 to 1 in NYSE & .58 to 1 in Nasdaq

Net new 52 wk highs were leading by 41 in NYSE & lows were leading by 81 in Nasdaq

VIX Down .64% @ 13.97

Oil @ $100.84

Gold @ $1299.00

AH ER / News : HLF Down .7%, GOGO Down 18.87%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under control of supercomputers & hedge funds were in total control. When there is so much volatility in a day that S&P 500 moved 1.3% from high to low in few hours, it only means that hedge funds are not sure about this TAPE. The only way to keep sanity in a TAPE like today is to take a long term view & not be rattled by machines. Also expectations needs to be tempered.

BLOG does NOT give buy or sell.

Saleem