Indices closed down .86% to 1.12%....

Indices closed down

S&P 500 @ 3113.87, low 3110.78, high 3144.31

RSI @ 58.13

CMF @ 0.297

Internals were :

Down volume led by 2.39 to 1 in NYSE & 2.07 to 1 in Nasdaq

Declining stocks led by 2.66 to 1 in NYSE & 2.48 to 1 in Nasdaq

Net new 52 wk highs were leading by 36 in NYSE & 35 in Nasdaq

VIX UP 18.15% @ 14.91, high today 15.27....

Oil @ $55.96

Gold @ $1469.20

AH news....HES Down 10.28%, GTX Down 7.85%

                   ASLN UP 9.62%, TRVG UP 10.00%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE got its first major hit and closed near low of the day. Down day like this is to be expected after we have gone up so much in last 6 weeks. Some technicians who are keeper of indicators are seeing dire things, which needs to be factored in until they also are proven wrong. Yes It Is a traders market now than investing in near term.

BLOG does NOT give buy or sell.

Saleem