Indices closed down .06% to .21%.....

Indices closed down.

S&P 500 @ 2292.56, low 2288.57, high 2296.18

RSI @ 60.23

CMF @ 0.245

Internals were :

Down volume led by 2.08 to 1 in NYSE & 1.01 to 1 in Nasdaq

Declining stocks led by 1.63 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new 52 wk highs were leading by 136 in NYSE & 100 in Nasdaq

VIX UP 3.65% @ 11.37

Oil @ $53.01

Gold @ $1239.10

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE fought its way back to near high of the day, although still closed down slightly. Oil was down due to rise in rig count in USA. Indices rested after a good rally on Friday. Many stocks bucked the negativity including AMD which got a boost from Barron's which is predicting doubling of price in 12 months, also rumor of graphic chip deal with INTC. Gold was strong even though US$ was strong. Rotation is going on on a daily basis, Friday was technology, today was gold stocks. Diversified portfolio works in this rotation.

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