Indices closed down .37% to .63%.....

Indices closed down but off their low levels.

S&P 500 @ 2106.85, low 2097.41, high 2113.65

RSI @ 54.43

CMF @ 0.138

Internals were :

Down volume led by 1.22 to 1 in NYSE & 2.14 to 1 in Nasdaq

Declining stocks led by 2.01 to 1 in NYSE & 2.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 21 in NYSE & flat in Nasdaq

VIX UP 7.90% @ 13.39

Oil @ $58.58

Gold @ $1210.00

AH ER...BIDU Down 2.63%, YELP Down 14.98%
               OVTI UP 5.73%, GLUU UP 22.78%

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure again due to below consensus US GDP report and Fed statement saying that it is a temporary slowdown. TAPE held up better than expected and closed in mid range. All indices managed to close above 50 DMA only Dow dipped briefly.CMF is positive which gives me hope for a green close on month end. This is a tough market to navigate but contrary stock picking may negate some of the negativity.

BLOG does NOT give buy or sell.

Saleem