Indices closed down.
S&P 500 @ 2012.66, low 1989.68, high 2038.20
RSI @ 41.88
CMF @ 0.015
Internals were :
Down volume led by 2.93 to 1 in NYSE & 3.49 to 1 in Nasdaq
Declining stocks led by 2.18 to 1 in NYSE & 3.38 to 1 in Nasdaq
Net new 52 wk lows were leading by 93 in NYSE & by 116 in Nasdaq
VIX UP 13.67% @ 20.70
Oil @ $36.76
Gold @ $1075.20
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under severe selling pressure on Shanghai sharp selling on weak economic data. US economic data was also weak. Indices prolonged its weakness with this climactic selling. Tonight IBD has changed its market outlook to "market in correction". I believe that today was a "strategic buying opportunity or staying put with existing position "...CMF is showing positive close which says that money poured in by close.
BLOG does NOT give buy or sell.
Saleem
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