Indices closed down .64% to 1.26%.....

Indices closed down.

S&P 500 @ 1979.26, low 1977.43, high 1996.88

RSI @ 57.72

CMF @ 0.260

Internals were :

Down volume led by 5.59 to 1 in NYSE & 4.25 to 1 in Nasdaq

Declining stocks led by 3.19 to 1 in NYSE & 3.50 to 1 in Nasdaq

Net new 52 wk highs were leading by 90 in NYSE & lows by 1 in Nasdaq

VIX UP 7.61% @ 18.67

Oil @ $36.50

Gold @ $1262.90

AH News...CMG Down 3.54%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE had its first pullback on negative trade data from China and lower oil prices. These pullbacks whether anticipated or unexpected had one purpose, is to reposition portfolio based on your own research. Internals were much weaker than indices whole day, this could be due to profit taking or selling based on where the markets are which is much higher. Keep an eye on outperforming stocks, they are doing it for a very good reason which is fundamental change in their business.

BLOG does NOT give buy or sell.

Saleem