S&P 500 low today 1234.56.....lower lows not good......

S&P 500 is in freefall, making new 52 wk lows daily.

Technically markets are in total disarray.

CNBC pundits are all proven wrong with new lows.

Economic news are on tap daily & may not provide any support to S&P 500.

Jobless claims & Jobs report, both maybe downer.

Initial support in S&P 500 of 1219.80 may not hold, next level is 1150.45.

When market slides, it cascades lower & its hard to say where it finds support......think 2008 for a parallel.......

Gold went to $1675.90 @ its highest point so far..a new all-time high, currently UP $24.20

Oil Down $2.29

Canadian $ Down 27 tick @ 103.75

VIX Down 3.51% @ 23.92

In my portfolio :

Sold GG

Portfolio is FFIV,LULU,RVBD

Exposure 42%

Internals are negative by almost 3 to 1...

Most stocks are down

@ 1.24 following are UP

GG,FFIV,RVBD,RIMM,AAPL,TZOO,
APKT,SLW,AG,AUY,NFLX,CMG,
BWLD,GOOG,MA,V,CIEN,FNSR,
SNDK,ARUN,ABX,AEM,GS....

BLOG does NOT give buy or sell.

Saleem