Indices closed down .56% to .89%.....

Indices closed down.

S&P 500 @ 2249.92, low 2249.11, high 2271.31

RSI @ 57.08

CMF @ -0.058

Internals were :

Down volume led by 4.23 to 1 in NYSE & 4.54 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.72 to 1 in Nasdaq

Net new 52 wk highs were leading by 46 in NYSE & 61 in Nasdaq

VIX UP 8.00% @ 12.95

Oil @ $54.06

Gold @ $1141.00

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure due to overbought condition. Housing data was weak, that gave another excuse to sell and book gains.Internals were weak and indices closed @ low of the day, lowest close is never a good thing, this may put more selling pressure @ open. Looking for 2017 ideas is a good focus especially when there is weakness in most stocks.

BLOG does NOT give buy or sell.

Saleem