Indices closed down 1.01% to 1.64%......

Indices sold off hard.

S&P 500 @ 2085.51, low 2077.59, high 2105.52

RSI @ 46.68

CMF @ 0.101

Internals were :

Down volume led by 2.98 to 1 in NYSE & 4.08 to 1 in Nasdaq

Declining stocks led by 3.40 to 1 in NYSE & 3.32 to 1 in Nasdaq

Net new 52 wk lows were leading by 17 in NYSE & 42 in Nasdaq

VIX UP 10.83% @ 14.84

Oil @ $59.63

Gold @ $1182.40

AH ER..FSLR Down 4.39%, LNKD Down 20.81%
              FEYE UP 2.42%, SWKS UP 3.73%, EXPE UP 5.37%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE got beaten UP pretty bad and all indices are below 50 DMA. Internals took a fall with indices and registering between 3 to 1 & 4 to 1 negative read, this generally means TAPE got its capitulation selling today, like a much needed washout. This may have cleared the way for an oversold bounce. IF there is a bounce, we may last for few days as most panic selling is out of the way, that is the nature of this market.

BLOG does NOT give buy or sell.

Saleem