Indices closed down .24% to .70%....

Indices closed down.

S&P 500 @ 2114.15, low 2110.00, high 2118.51

RSI @ 54.98

CMF @ -0.045

Internals were :

Down volume led by 1.33 to 1 in NYSE & 1.85 to 1 in Nasdaq

Declining stocks led by 1.39 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk lows were leading by 257 in NYSE & 52 in Nasdaq

VIX Down .82% @ 12.12

Oil @ $49.19

Gold @ $1091.50

AH ER..QCOM Down 1.31%, FTNT UP 9.22%
              CRUS UP 10.45%, SNDK UP 12.96%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE showed some resiliency by closing above lows of the day, even AAPL closed @ highest point of the day, this contrary move was obvious by my mid day report. Indices have found their footing and will work its way higher again, It is important to recognize short term overbought conditions, so you do not get euphoric near top. Earnings report is much better tonight, this should help sentiment on Thursday.

BLOG does NOT give buy or sell.

Saleem