Indices closed down .25% to .75%.......

Indices were under pressure again, but pared its losses by close.

S&P 500 closed above 50 DMA @ 1334.76, 50 DMA is 1334.55

RSI @ 47.61

Internals were :

Down volume led by 2.53 to 1 in NYSE & 2.67 to 1 in Nasdaq

Declining stocks led by 1.69 to 1 in NYSE & 1.48 to 1 in Nasdaq

New 52 wk highs were leading by 38 in NYSE & new 52 wk lows were leading by 16 in Nasdaq

VIX closed UP 2.12% @ 18.33

Oil closed @ $86.08

Gold closed @ $1565.30

Stocks which closed green included CIEN,ZNGA,AUY,CMG,LEN,

LNKD,MA,V......

AH Futures UP

AH Asian Markets UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, Chinese GDP came in @ 7.6% as expected. June Q came close to official GDP target of 7.5%. I expect GDP in Q3 to show acceleration. As market has sold off for six days in a row, which is a RARITY, i expect a major bounce from here. CMF actually rose in all indices today, which means that Black boxes were buying.

BLOG does NOT give buy or sell.

Saleem

DOW green.......NICE !!!!

Indices were under pressure due to ongoing concern about world economy.

S&P 500 @ 1337.43

Internals are negative by almost 2 to 1

52 wk New highs & New lows are mixed

Oil UP 12 cents

Gold Down $7

Canadian $ UP 2 tick @ 98.10

VIX UP 1.56% @ 18.23

Portfolio is BIDU, LVS,NTES,JCP,TCK....

Most stocks are down

@ 2.07 following are green :

NTES,LNKD,FB,CMG,LEN,BKW,

MA,V,ZNGA,BWLD,SBUX,APKT,

SINA,KOG....

BLOG does NOT give buy or sell.

Saleem

Indices closed down from 0% to .49%....

Indices were under selling pressure in anticipation of Fed minutes, that proved to be misplaced optimism. indices were lower on release, but were back to where they were.

S&P 500 closed @ 1341.45

RSI @ 50.04

Internals were mixed

New 52 wk highs were leading, 112 in NYSE & 55 in Nasdaq

VIX Down 4.11% @ 17.95

Oil closed @ $85.11

Gold closed @ $1575.70

Canadian $ closed UP 26 tick @ 98.05

Portfolio is BIDU, LVS,NTES,JCP,TCK

Stocks which closed green included TCK,

CLF,LNKD,CMG,BKW,MU,SU....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, close was extremely positive as VIX went down & S&P 500 & Nasdaq closed above 50 DMA. CMF is green in all indices. Market is adjusting to worldwide weak economy, thus extreme choppiness. It is important to lock gains & have a game plan with high comfort level. It is NOT about being right on a daily basis but importantly, to have an investment / trading theme.

BLOG does NOT give buy or sell.

Saleem

Only closing BLOG today....

Have to step out for most of the day.....thus no intraday BLOG.

As usual closing BLOG around 10 PM.

Saleem

Indices closed down .65% to 1.00%.....

Indices were trying to react to positive EU news, but earning warnings took a toll.

S&P 500 closed @ 1341.47

RSI @ 50.05

Internals were :

Down volume led by 4.43 to 1 in NYSE & 3.73 to 1 in Nasdaq

Declining stocks led by 1.98 to 1 in NYSE & 2.03 to 1 in Nasdaq

New 52 wk highs were leading, 198 in NYSE & 86 in Nasdaq

VIX UP 4.12% @ 18.72

Oil @ $83.91

Gold @ $1579.80

In my portfolio :

Sold COH

Portfolio is BIDU,LVS,NTES,JCP,TCK

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, IBD has changed its outlook tonight to "market uptrend under pressure". Dow has closed below 50 DMA. S&P 500 did dip below 50 DMA but closed above. Nasdaq stayed above 50 DMA & closed above. I believe that negativity is pretty high which is a "contrary indicator". I will not be surprised to see a turn UP in markets.

BLOG does NOT give buy or sell.

Saleem

Indices down .29% to .63%.....

Indices are lower after ignoring positive news from EU.

Indices are lower from .29% to .63%

S&P 500 @ 1345.91

Internals are negative

Oil Down 86 cents

Gold Down 412.90

Canadian $ Down 15 tick @ 97.96

VIX UP 2.17% @ 18.37...this is giving hope for a better close......

Portfolio is BIDU,COH,LVS,NTES,JCP,TCK

Most stocks are down

@ 2.10 following are green :

ARNA,M,CIEN,STLD,APKT,BJRI,IBN.....

BLOG does NOT give buy or sell.

Saleem

Indices closed down .16% to .28%.....

Indices were under pressure right from the open, but closed near highs of the day.

S&P 500 closed @ 1352.46

RSI 53.95

Internals were :

Down volume led by 2.05 to 1 in NYSE & 2.03 to 1 in Nasdaq

Declining stocks led by 1.25 to 1 in NYSE & 1.33 to 1 in Nasdaq

New 52 wk highs were leading, 183 in NYSE & 74 in Nasdaq

VIX closed UP 5.15% @ 17.98

Oil closed @ $85.99

Gold closed @ $1589.10

AH ER / News

AMD Down 10.50%

INTC Down 1.11%

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold Down

About market, Indices are resting above 50 DMA which is a good thing. Earning season strength should give a lift. Earning warnings are playing out in Tech sector. I suggest staying the course in better performing stocks.

BLOG does NOT give buy or sell.

Saleem