Indices down .49% to .67%....

Indices closed lower.

S&P 500 @ 2102.15, low 2098.63, high 2116.87

RSI @ 50.61

CMF @ -0.034

Internals were :

Down volume led by 2.59 to 1 in NYSE & 1.41 to 1 in Nasdaq

Declining stocks led by 2.17 to 1 in NYSE & 2.24 to 1 in Nasdaq

Net new 52 wk lows were leading by 227 in NYSE & 60 in Nasdaq

VIX UP 4.29% @ 12.64

Oil @ $48.45

Gold @ $1094.10

AH ER :

Positive ..V UP 5.09%, JNPR UP 10.53%, MKTO UP 13.99%
                AMZN UP 17.25%

Negative .PMCS Down 9.07%, TRIP Down 9.07%,
                TRUE Down 33.05%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was weak again, Dow is below 50 & 200 DMA, while S&P 500 is below 50 DMA, Nasdaq remains well above 50 & 200 DMA. Tonight earning reports are stellar, this should give Nasdaq a big boost on Friday. This is extremely selective market, few stocks are going UP, while majority are getting weaker or getting stuck in a very narrow range. Important to have heavy weighting of strong stocks and peel weak ones.

BLOG does NOT give buy or sell.

Saleem