Indices closed down.
S&P 500 @ 2437.03, low 2436.60, high 2450.66
RSI @ 58.45
CMF @ 0.401
Internals were :
Down volume led by 4.33 to 1 in NYSE & .90 to 1 in Nasdaq
Declining stocks led by 2.49 to 1 in NYSE & 2.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 24 in Nasdaq
VIX UP 4.73% @ 10.86
Oil @ $43.51
Gold @ $1243.50
AH ER...ADBE UP 3.61%, RHT UP 10.05%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure on lower oil, Dow did make a new all time high on intraday basis. Oil being weak is a negative for US economy, until oil turns UP, we may continue to see negative effect on US stock markets. Internals were weak today. Hopefully some stabilization to take place in Wednesday's trading.
BLOG does NOT give buy or sell.
Saleem
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