Indices are fighting Japanese news flow which is filled with negative consequences from health & economic point of view.
Internals were negative.
AH Nikkei is Down 6.45% @ the end of morning session.
AH other Asian markets are Down another 2%+
AH CCME issued a statement announcing resignation of its CFO & Auditors. Auditors also issued statement stating that prior earnings & sales needs to be revised downwards.Also calling for an "independent Audit committee"...CCME is among few Chinese companies facing a similar "restatement".CCME has been halted since Friday AM.....
AH Futures Down Sharply..Dow <150>,S&P 500 <18>, Nasdaq <26>...looks like recent support MAY not hold......BUT how we close is MORE critical.
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
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