Indices closed down 1.44% to 2.74%.....

Indices took a major hit today....closed down 1.44% to 2.74%...

Internals were extremely negative , sign of capitulation today....

Down volume led by 10.50 to 1 in NYSE & 19.35 to 1 in Nasdaq..extremely negative read..sign of imminent reversal....

Declining stocks led by 7.61 to 1 in NYSE & 5.59 to 1 in Nasdaq

New highs were still in the lead with 124 in NYSE & 78 in Nasdaq....

Those who held on to their position or switched into better buys will be amply rewarded...

RSI went from severely overbought to almost severely oversold in 1 day.....again a RARE capitulation scenario..here is the closing read in RSI :

Dow 60.10

S&P 500 53.71

Nasdaq 48.59

Here is RSI @ close in popular stocks..all are screaming buys.....

POT 42.94
AGU 44.35
AAPL 42.34
PCLN 45.21
AMZN 46.97
CMG 55.14
NFLX 54.35
BIDU 54.08
FFIV 38.15
F.....32.88
RIMM 60.40
RVBD 54.55
SOL..55.95

AH HPQ ER was a lowered guidance, Stock Down 12%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

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