Indices closed down 1.13% to 1.28%.....

Indices closed down.

S&P 500 @ 2940.25, low 2938.70, high 2992.53

RSI @ 44.08

CMF @ 0.122

Internals were :

Down volume led by 5.28 to 1 in NYSE & 2.05 to 1 in Nasdaq

Declining stocks led by 2.76 to 1 in NYSE & 3.29 to 1 in Nasdaq

Net new 52 wk lows were leading by 16 in NYSE & 92 in Nasdaq

VIX UP 14.29% @ 18.56

Oil @ $53.62

Gold @ $1489.00

AH news....VSLR UP 7.99%, SFIX Down 9.12%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was in freefall and closed @ low of the day. S&P 500 & Nasdaq closed below 50 DMA while DOW & SOX closed above 50 DMA. Internals were extremely negative. We are back @ square one no uptrend in sight as poor manufacturing data in USA took its toll. Hopefully Wednesday may bring some relief to our deeply oversold conditions.

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Saleem