Indices closed down 2.41% to 4.43%.....

Indices closed down.

S&P 500 @ 2656.10, low 2651.89, high 2742.59

RSI @ 24.30

CMF @ -0.219

Internals were :

Down volume led by 6.57 to 1 in NYSE & 6.21 to 1 in Nasdaq

Declining stocks led by 3.39 to 1 in NYSE & 5.42 to 1 in Nasdaq

Net new 52 wk lows were leading by 709 in NYSE & 539 in Nasdaq

VIX UP 21.83% @ 25.23, high today 26.38

Oil @ $66.82

Gold @ $1231.10

In my portfolio Sold AMD AH $19.40

Portfolio ESTC & FB.....

AH news...XLNX UP 12.85%, TSLA UP 9.74%

                  AMD Down 22.38%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was in freefall and went to lower lows, Nasdaq had the worst day in 7 years being down 4.43% in a day. There is not much to say except this TAPE is very worried about Fed policy of hiking interest rate, short of firing Powell, nothing seems to be working. It is better to wait with little or no exposure than hoping everyday for a turnaround.

BLOG does NOT give buy or sell.

Saleem