Indices closed down 1.03% to 1.11%.....

Indices closed near low of the day.

S&P 500 @ 2104.20, low 2099.18, high 2125.34

RSI @ 48.26

CMF @ 0.041

Internals were :

Down volume led by 7.98 to 1 in NYSE & 4.44 to 1 in Nasdaq

Declining stocks led by 3.65 to 1 in NYSE & 3.03 to 1 in Nasdaq

Net new 52 wk lows were leading by 44 in NYSE & 28 in Nasdaq

VIX UP 15.91% @ 14.06

Oil @ $58.03

Gold @ $1186.90

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE certainly lived up to my take of "choppy"...Dow & S&P 500 went below 50 DMA but closed UP, Nasdaq remained comfortably above 50 DMA whole day and closed well above. Beside choppy TAPE which we have been talking for months, other reasons were fear of interest rate hikes and strength of US$. NO, this is not a start of something big @ all, it is a pause which should be anticipated. Market may go UP or may go Down, but it is your strategy which matters. Those who are long with good stocks , they have nothing to fear.

BLOG does NOT give buy or sell.

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