Indices closed down .10% to .47%.....

TAPE reversed from UP open to close lower.

S&P 500 @ 1964.82, low 1958.43, high 1977.84

RSI @ 44.83

CMF @ 0.024

Internals were :

UP volume led by 1.12 to 1 in NYSE & .39 to 1 in Nasdaq

Advancing stocks led by .99 to 1 in NYSE & .48 to 1 in Nasdaq

Net new 52 wk lows were leading by 31 in NYSE & by 85 in Nasdaq

VIX UP 6.25% @ 15.46

Oil @ $90.34

Gold @ $1207.30

AH Future Down 

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE has become extremely weak & internals are getting weaker. This is a difficult market to navigate, a conservative & defensive approach is highly desirable. This TAPE has become too volatile & may remain so. Earnings may not be a catalyst for overall market, that is why stock picking needs high focus.

BLOG does NOT give buy or sell.

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