Indices closed down .76% to 1.07%.....

Indices closed down.

S&P 500 @ 2457.85, low 2446.55, high 2471.97

RSI @ 51.33

CMF @ -0.066

Internals were :

Down volume led by 1.53 to 1 in NYSE & 2.66 to 1 in Nasdaq

Declining stocks led by 2.36 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new 52 wk highs were leading by 90 in NYSE & 75 in Nasdaq

VIX UP 20.73% @ 12.23

Oil @ $48.66

Gold @ $1344.50

AH ER....HPE UP 4.99%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure due to North Korea plus inaction in Washington on many fronts, more divisive decisions are being taken for non-immigrant children. Market hates ongoing political and Geo-political uncertainties. These zig zag TAPE is getting fairly common, does not reflect any inherent weakness. Weak open is a good way to shuffle portfolio to reflect future prospect. Time to show conviction and patience in your well researched portfolio.

BLOG does NOT give buy or sell.

Saleem