Indices closed down .23% to .64%.....

Indices closed down.

S&P 500 @ 2564.98, low 2564.33, high 2578.29

RSI @ 69.67

CMF @ 0.375

Internals were :

Down volume led by 3.11 to 1 in NYSE & 1.42 to 1 in Nasdaq

Declining stocks led by 1.94 to 1 in NYSE & 2.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 144 in NYSE & 134 in Nasdaq

VIX UP 11.03% @ 11.07

Oil @ $51.90

Gold @ $1280.90

Stocks which closed green included SHOP
AMD OLED BIDU LULU JKS WB M
SPWR LVS CSIQ FSLR SINA AEM
NKE.....

AH news....SYNA UP 8.62%, WHR Down 6.58%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE made a u turn and closed @ low of the day, earlier all indices made a new Intraday all time high. This TAPE is changing its character with FANG getting beaten up badly today, do not know what to make of that. This TAPE has entered new phase where old approach may not work, as sector rotation is shifting daily.

BLOG does NOT give buy or sell.

Saleem