Indices closed down .68% to 1.54%....

Indices closed down.

S&P 500 @ 2699.63, low 2699.38, high 2746.09

RSI @ 38.23

CMF @ 0.0 52

Internals were :

Down volume led by 2.36 to 1 in NYSE & 4.17 to 1 in Nasdaq

Declining stocks led by 2.58 to 1 in NYSE & 4.11 to 1 in Nasdaq

Net new 52 wk lows were leading by 149 in NYSE & 34 in Nasdaq

VIX UP 12.5% @ 17.91

Oil @ $72.76

Gold @ $1256.10

AH news... ZG Down 4.07%, BBBY Down 5.35%
                   PIR Down 12.33%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was down 200 pre market with worldwide slump on trade issues, then turned positive before open, rallied to 285 in Dow and then went down 166 points to close @ low of the day. One cannot ask for a worse day from technical point of view. Internals were negative all the way with Nasdaq showing 4 to 1 negativity. Dow closed below 200 DMA for 3rd day in a row, S&P 500 is now below 50 DMA Nasdaq barely above 50 DMA. This TAPE has the feel, that it is one of those bear market type of action.

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