Indices closed mixed....

S&P 500 & Nasdaq closed near high of the day, despite weak data from China & US.

S&P 500 @ 1997.45, high 1997.65, low 1985.93

RSI @ 57.79

CMF @ 0.338

Internals were :

UP volume led by 1.92 to 1 in NYSE & 1.71 to 1 in Nasdaq

Advancing stocks led by 1.33 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new 52 wk highs were leading by 2 in NYSE & by 20 in Nasdaq

VIX Down .62% @ 12.80

Oil @ $92.83

Gold @ $1239.00

Stocks which were UP 1% or more included EGO LULU MITL RAD NXPI AKS GTAT SWIR WUBA COH LVS KOG SINA BSFT ARUN AMCC LSCC CIEN JDSU FNSR BBRY JCP PANW SPLK X STLD AEM DATA CSOD MS WYNN 
MLNX....

AH ER ULTA UP 14.37%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE action was half decent considering there was selling pressure from data which was not inflation friendly. Internals were better than yesterday. Despite Fed fear of language change TAPE handled it well. We need a decisive close for all indices to complete trend change. Rotation within sectors are happening & should be pursued.

BLOG does NOT give buy or sell.

Saleem