Indices closed down .59% to .84%.....

Indices closed lower near low of the day.

S&P 500 @ 2060.31, low 2054.27, high 2075.78

RSI @ 58.83

CMF @ 0.314

Internals were :

Down volume led by 3.55 to 1 in NYSE & 3.21 to 1 in Nasdaq

Declining stocks led by 2.38 to 1 in NYSE & 2.84 to 1 in Nasdaq

Net new 52 wk lows were leading by 68 in NYSE & 32 in Nasdaq

VIX UP 20.22% @ 14.21

Oil @ $63.05

Gold @ $1194.90

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE is under selling pressure, as below expectations data from China & Japan put new fear about worldwide economic health. Internals of the market took a big hit and it seems we are far from even stabilizing @ this stage. All you can do is either react to weakness which may persist by reducing exposure or take advantage of buying strong stocks on weakness.

BLOG does NOT give buy or sell.

Saleem