Indices closed down .52% to 1.11%......

Indices did a reversal & closed down across the board in high volume.

S&P 500 @ 1655.35, high 1687.18, low 1648.86

RSI @ 64.64

CMF @ 0.296

Internals were :

Down volume led by 3.55 to 1 in NYSE & 3.77 to 1 in Nasdaq

Declining stocks led by 3.63 to 1 in NYSE & 2.95 to 1 in Nasdaq

Net new 52 wk highs were leading by 447 in NYSE & 240 in Nasdaq

VIX UP 3.37% @ 13.82

Oil @ $94.28

Gold @ $1367.40

AH ER :

HPQ UP 13.85%

WDAY UP 3.42%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE made a reversal after Fed minutes came out. S&P 500 had a reversal of 2.27% from high to low. Chinese Flash PMI came in @ 7 month low of 49.6% on weak internal & external demand. This may trigger more fear @ open. I expect TAPE to see its trading low by Friday. Fast correction is better than drip drip pullback.

BLOG does NOT give buy or sell.

Saleem