Indices closed down .86% to 1.37%.....

Indices closed down.

S&P 500 @ 2822.43, low 2818.27, high 2837.75

RSI @ 64.30

CMF @ 0.354

Internals were :

Down volume led by 4.95 to 1 in NYSE & 3.40 to 1 in Nasdaq

Declining stocks led by 4.17 to 1 in NYSE & 2.97 to 1 in Nasdaq

Net new 52 wk lows were leading by 227 in NYSE & 17 in Nasdaq

Oil @ $64.50

Gold @ $1335.40

AH news...JNPR Down 8.62%, EA UP 7.5%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure again due to higher bond yield, Dow @ its low was down 400 points but managed to inch up to down 362.59, internals were hammered today but CMF remains very healthy. State of the union speech should bolster markets with optimistic tone and major infrastructure spending. We may have found a bottom  / support in this TAPE, froth is definitely gone in most high fliers.

BLOG does NOT give buy or sell.

Saleem