Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 1923.67, high 1935.65, low 1901.10

RSI @ 30.11

CMF @ -0.072

Internals were :

Down volume led by 1.41 to 1 in NYSE & 1.38 to 1 in Nasdaq

Declining stocks led by 1.87 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk lows were leading by 600 in NYSE & by 476 in Nasdaq

VIX Down 10.03% @ 24.30

Oil @ $31.41

Gold @ $1096.20

AH news....LULU UP 8.53%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under renewed selling pressure and made lower lows and tested major support @ 1901 area, this test was successful as we closed much higher than lows but also closed higher than yesterday. Nasdaq has a losing streak of 8 days in a row now, hopefully the direction changes. Oil is the real culprit in going to 12 year lows which brought indices under pressure, but we closed UP in Dow & S&P 500 despite that. I am hoping that we gather strength in indices starting on Tuesday and build from there.

BLOG does NOT give buy or sell.

Saleem