Indices closed down 2.08% to 2.61%.......

TAPE was under severe selling pressure on high volume & closed near low of the day.

S&P 500 @ 1741.89, low 1739.66

RSI @ 31.24

CMF @ 0.017

Internals were :

Down volume led by 18.58 to 1 in NYSE & 13.60 to 1 in Nasdaq

Declining stocks led by 5.68 to 1 in NYSE & 6.67 to 1 in Nasdaq

Net new 52 wk lows were leading by 91 in NYSE & 29 in Nasdaq

VIX UP 16.46% @ 21.44

Oil @ $96.43

Gold @ $1259.90

AH ER YUM UP 4.11%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, There was panic & fear on Wall Street which included Jimmy the Cramer, This is a contrary indicator that we are all set for an oversold bounce.There is a very good chance that we will close UP on Tuesday. S&P 500 have pulled back 111.18 points or 6.00% correction. This correction was healthy after a huge run in 2013.

BLOG does NOT give buy or sell.

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