Indices closed mixed.....

TAPE was under selling pressure @ open but managed to close near unchanged levels.

S&P 500 @ 1862.76, high 1876.01, low 1835.02

RSI @ 29.31

CMF @ -0.201

Internals were :

UP volume led by 1.55 to 1 in NYSE & 1.50 to 1 in Nasdaq

Advancing stocks led by 2.42 to 1 in NYSE & 2.01 to 1 in Nasdaq

Net new 52 wk lows were leading by 117 in NYSE & by 76 in Nasdaq

VIX Down 4.00% @ 25.20

Oil @ $82.70

Gold @ $1241.20

Stocks which were UP 1% or more included AKS LULU MU NXPI SWIR TSL BBRY JCP GG YY EXPE BIDU PCLN 
OWW BABA WUBA LVS KOG JKS SU V WB FEYE 
FSLR SPWR INVN YNDX BSFT HIMX SNDK 
LSCC CIEN FNSR CSIQ M SPLK  STLD 
ABX DATA CSOD MGA WLT WYNN..

AH ER GOOG Down 1.89%, SNDK Down 5.05%
             AMD Down 5.3%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market,  TAPE improved big time & close was impressive again. Internals have improved substantially which is a good sign of a turn in progress. It is impossible to time any market especially a volatile one, most of the gains are made when no one expects them. We probably have seen the worst of this selling, today we made higher low which is a sign of support for this TAPE.

BLOG does NOT give buy or sell.

Saleem