Nasdaq closed below 200 DMA......

Nasdaq is the only index which closed below 200 DMA. Volume was high.

S&P 500 & Dow still above 200 DMA.....

Internals of the market were as follows :

Down volume led by 12.06 to 1 in NYSE & 10.15 to 1 in Nasdaq

Declining stocks led by 5.31 to 1 in NYSE & 3.73 to 1 in Nasdaq

New 52 wk low led by 72 to 17 in NYSE & 106 to 10 in Nasdaq

VIX UP 16.76% closing @ 21.32

NOW..all of the above stat is bad enough to depress most investors & traders...BUT we should be looking @ good growth story stocks, which is getting cheaper by any standard.

SO..the only FOCUS, i can create is to keep accumulating quality stocks which is being dumped with bad ones.....this is what i am trying to do..gradually adding to my portfolio.

By the way...internals of the market were extremely negative, which MAY be a sign that end is @ hand.

RSI in all indices are @ strong buy area of 33 to 34....

AH Futures UP

AH Asian Markets Down

AH Oil, Gold & Silver UP

BLOG does NOT give buy or sell.

Saleem