Indices closed down .88% to 1.11%.....

Indices closed @ low of the day.

S&P 500 @ 2067.89, low 2067.04, high 2084.05

RSI @ 47.37

CMF @ -0.069

Internals were :

Down volume led by 2.14 to 1 in NYSE & 2.42 to 1 in Nasdaq

Declining stocks led by 1.44 to 1 in NYSE & 1.51 to 1 in Nasdaq

Net new 52 wk highs were leading by 76 in NYSE & 32 in Nasdaq

VIX UP 5.38% @ 15.29

Oil @ $47.60

Gold @ $1183.10

AH ER WEN UP 3.21%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE did a complete U turn and took Dow & S&P 500 back below 50 DMA. This erratic behavior is extremely alarming. Looks like we may take out previous lows of 3 days ago @ the minimum, this also means that Nasdaq may go below 50 DMA , next support may be near 200 DMA for all indices. April fools day may not be so funny in markets, its looking sharply lower.....

BLOG does NOT give buy or sell.

Saleem