Indices closed down .53% to 1.46%....

Indices closed down.

S&P 500 @ 2966.61, low 2957.73, high 3007.98

RSI @ 50.33

CMF @ 0.175

Internals were :

Down volume led by 3.79 to 1 in NYSE & 3.69 to 1 in Nasdaq

Declining stocks led by 2.20 to 1 in NYSE & 3.43 to 1 in Nasdaq

Net new 52 wk highs were leading by 121 in NYSE & lows by 39 in Nasdaq

VIX UP 14.35% @ 17.05

Oil @ $57.29

Gold @ $1540.20

AH news...NKE UP 5.53%, WPRT UP 12.08%

                  CMTL UP 14.99%, SAIL Down 4.99%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE reversed and closed near low of the day, Nasdaq closed well below 50 DMA while S&P 500 came awfully close to touching 50 DMA, DOW slightly above 50 DMA. Technical condition of this market is not healthy, internals were mostly negative. We may stage an oversold bounce on Wednesday.

BLOG does NOT give buy or sell.

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