Indices closed down.
S&P 500 @ 2175.44, low 2171.25, high 2186.66
RSI @ 53.33
CMF @ 0.201
Internals were :
Down volume led by 3.48 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 2.39 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & 89 in Nasdaq
VIX UP 8.64% @ 13.45
Oil @ $46.77
Gold @ $1329.70
AH ER...HPQ Down 6.25%, WDAY UP 12.35%
GES UP 15.5%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went down on Hillary Clinton's negative statement about Mylan pricing which took all biotech lower.Indices closed near low of the day, internals were weak. Thursday is another day of anxiety over Jackson hole speech by Janet Yellen, i do not expect any policy statement, only an overview of where US economic picture stands. Weakness is a buying opportunity for those who are under invested.
BLOG does NOT give buy or sell.
Saleem
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