Indices closed down .57% to .75%......

Indices closed down.

S&P 500 @ 2923.72, low 2923.36, high 2954.13

RSI @ 62.22

CMF @ 0.250

Internals were :

Down volume led by 3.74 to 1 in NYSE & 2.18 to 1 in Nasdaq

Declining stocks led by 1.58 to 1 in NYSE & 2.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 237 in NYSE & 65 in Nasdaq

VIX UP 12.80% @ 14.80

Oil @ $63.60

Gold @ $1284.20

Stocks which closed green included SQ
SHOP IQ MOMO MTCH FEYE ROKU
AAPL CGC TLRY CRUS BABA CIEN
CSIQ NFLX LNG WYNN LVS MLNX
SINA SWKS CMG IBM....

AH news...SQ Down 6.07%, CREE Down 9.08%

                  QCOM Down 3.45%, ZNGA UP 9.80%

SQ reported a beat in Sales and EPS in Q 1...
Sales actual $489.1 million vs expected $479.6 million
EPS actual was 11 cents vs 8 cents expected.

For Q2 Sales were in line, but is guiding down 
EPS by 3 cents.....they normally beat by 3 cents, 
so it could be UPOD.....

In conference call there was no question by analysts about
lower EPS guidance and management did not elaborate anything...

AH Futures Down

AH Asian markets mixed

AH Oil UP

AH Gold Down

About market, TAPE was strange today, green open with S&P 500 making a new intraday all time high but closed @ low of the day, technically does not sound good and VIX was UP sharply. I do not know who was expecting a cut in interest rates as it was the excuse of the day for late slump. Thursday's close is very important IF this was a real reversal.

BLOG does NOT give buy or sell.

Saleem