Indices closed down .25% to .52%......

Indices closed lower.

S&P 500 @ 2098.04, low 2087.31, high 2105.70

RSI @ 49.84

CMF @ 0.085

Internals were :

Down volume led by 2.44 to 1 in NYSE & 1.34 to 1 in Nasdaq

Declining stocks led by 1.53 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new 52 wk lows were leading by 100 in NYSE & 75 in Nasdaq

VIX UP 3.63% @ 12.56

Oil @ $45.17

Gold @ $1089.40

AH Futures Down

AH Asian Markets Mixed

AH Oil UP 

AH Gold Down

About market, TAPE recovered most of the losses and closed near upper end of the range. This market is a normal market, many expect it to be of go go years of 2009 to 2013, that was a rare recovery from lowest point. Current TAPE is very good for strategic buying  / positioning. Nasdaq remains above 50 & 200 DMA, which is viewed by some as troubling, one hell of a logic, strength is troubling?

BLOG does NOT give buy or sell.

Saleem