Indices closed down .20% to .35%.....

Indices closed down but near top end of the range.

S&P 500 @ 2099.12, low 2085.57, high 2105.06

RSI @ 50.62

CMF @ 0.047

Internals were :

Down volume led  by 1.35 to 1 in NYSE & 1.52 to 1 in Nasdaq

Declining stocks led by 1.23 to 1 in NYSE & 1.29 to 1 in Nasdaq

Net new 52 wk lows were leading by 33 in NYSE & highs by 2 in Nasdaq

VIX UP .07% @ 13.86

Oil @ $60.75

Gold @ $1192.40

AH ER...Z Down .64%, CTRP Down 1.63%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was in real danger of collapsing through 50 DMA, but recovered nicely from lows of the day and closed above 50 DMA in all indices. Bond caused the collapse in equities then US bargain hunters came in and bought aggressively. This TAPE is jittery but it manages to creep up when nobody expects. So we got 2 days of selling after earlier 2 days of UP move, now its UP move for may be 2 days, get used to this zig zag TAPE.

BLOG does NOT give buy or sell.

Saleem