Indices closed down.
S&P 500 @ 2641.89, low 2631.52, high 2669.44
RSI @ 35.90
CMF @ 0.038
Internals were :
Down volume led by 8.24 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 5.69 to 1 in NYSE & 3.16 to 1 in Nasdaq
Net new 52 wk lows were leading by 724 in NYSE & 378 in Nasdaq
VIX UP 11.84% @ 22.48
Oil @ $53.43
Gold @ $1221.20
AH news...FL UP 16.29%, ADSK UP UP 8.81%
BILI Down 5.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was in freefall again today and closed near low of the day, DOW was the worst performer closing down 552 points.Internals were the worst in this selling. Based on current futures, we may get much needed " deeply oversold bounce "... This has been brutal for most participants who could not predict 40% slump in most high beta stocks.
BLOG does NOT give buy or sell.
Saleem
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