Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2058.69, high 2064.15, low 2054.31

RSI @ 48.04

CMF @ 0.220

Internals were :

Down volume led by 1.56 to 1 in NYSE & 1.01 to 1 in Nasdaq

Declining stocks led by 1.13 to 1 in NYSE & .89 to 1 in Nasdaq

Net new 52 wk highs were leading by 212 in NYSE & lows by 3 in Nasdaq

VIX Down 1.02% @ 14.57

Oil @ $43.44

Gold @ $1266.60

AH ER...RAX Down 7.72%, GPS Down 13.53%
               SCTY Down 20.44%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed near low of the day, although it was a mixed close but internals were weak. Market are in a holding pattern before deciding which way to go, i do not expect an UP move towards new highs but more like a churning pattern which may discourage many traders. Its summer vacation time where Europe is closed for holidays and US money managers are on vacation. Patience and strategy needs to be in focus to go through until next earning season.

BLOG does NOT give buy or sell.

Saleem