Indices closed mixed.....

Indices closed mixed on low oil, weak housing data.

S&P 500 @ 2109.66, low 2103.00, high 2110.05

RSI @ 63.83

CMF @ 0.354....highest level since week one of December 14.

Internals were :

Down volume led by 1.79 to 1 in NYSE & 1.11 to 1 in Nasdaq

Declining stocks led by 1.01 to 1 in NYSE & 1.20 to 1 in Nasdaq

Net new 52 wk highs were leading by 141 in NYSE & 88 in Nasdaq

VIX UP 1.82% @ 14.56

Oil @ $49.45

Gold @ $1200.80

AH News ...AMCC Down 4.46%, AGU UP 2.83%

                    FSLR UP 9.14%, SPWR UP 12.59%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE behaved much better than expected based on lower oil & weak housing data. Fed chief testimony on hill may not sit well with traders as talk of higher interest rates may dominate Q & A. Janet Yellen has a real challenge on hand to balance reality of higher interest rates in June vs expectations of  lower rates for a "considerable period of time"...market may not like clarity on this issue. Buying quality stocks on weakness should work out pretty good.

BLOG does NOT give buy or sell.

Saleem