Indices closed down .47% to .59%......

Indices closed down.

S&P 500 @ 2564.62, low 2557.46, high 2572.84

RSI @ 48.40

CMF @ 0.316

Internals were :

Down volume led by 1.56 to 1 in NYSE & 1.21 to 1 in Nasdaq

Declining stocks led by 1.79 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new 52 wk lows were leading by 72 in NYSE & 48 in Nasdaq

VIX UP 13.29% @ 13.13

Oil @ $55.33

Gold @ $1277.70

AH News....RH UP 16.16%, NTAP UP 11.41%
                    CSCO UP 5.83%, NTES UP 2.32%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE completed its big downdraft today after we reached one month low in Dow, lot of speculative money ran for the cover today. Looks like froth is gone with RSI @ 48.40 and we can rally from hereon. Strong stocks should make new all time highs again. Lot of tax details have leaked out and its looking OK for wall street and corporation.

BLOG does NOT give buy or sell.

Saleem