Indices closed down .60% to 1.43%........

Indices were under selling pressure again.

S&P 500 @ 1852.56, high 1875.92

RSI @ 49.79

CMF @ 0.043

Internals were :

Down volume led by 3.47 to 1 in NYSE & 6.66 to 1 in Nasdaq

Declining stocks led by 1.99 to 1 in NYSE & 4.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 55 in NYSE & by 17 in Nasdaq

VIX UP 6.49% @ 14.93

Oil @ $100.26

Gold @ $1303.40

AH news : C Down 5.1%, PAYX UP 3.39%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE went down on high volume & all indices closed @ absolute low of the day which is a rarity. IBD tonight is changing its market outlook to "market in correction". Internals in Nasdaq was extremely bearish & selling has been intense. We may get an "oversold bounce" on Thursday but it may not signal an end to the downward moves. Only lesson is "do not fight this TAPE".......

BLOG does NOT give buy or sell.

Saleem