Indices closed down.
S&P 500 @ 2811.87, low 2801.43, high 2940.19
RSI @ 32.68
CMF @ 0.178
Internals were :
Down volume led by 8.69 to 1 in NYSE & 5.84 to 1 in Nasdaq
Declining Stocks led by 4.80 to 1 in NYSE & 5.12 to 1 in Nasdaq
Net new 52 wk lows were leading by 56 in NYSE & 114 in Nasdaq
VIX UP 28.12% @ 20.55
Oil @ $61.04
Gold @ $1301.80
AH news...SRCL UP 16.57%, WUBA UP 5.78%
AMRX UP 6.62%, FTEK Down 16.53%
AH Futures UP
AH Asian markets Down
AH Oil & Gold UP
About market, TAPE was under intense selling pressure, S&P 500 and Nasdaq pierced through 50 DMA and DOW went below 50 & 200 DMA a massive technical breakdown, it will take a while to repair this damage in a conclusive manner. We may get an oversold bounce on turnaround Tuesday but we must wait for Wednesday's close to see IF there is a confirmation.
BLOG does NOT give buy or sell.
Saleem
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