Indices closed down 11.98% to 12.93%....

Indices closed down.

S&P 500 @ 2386.13, low 2380.94, high 2562.98

RSI @ 30.17

CMF @ -0.072

Internals were :

Down volume led by 14.11 to 1 in NYSE & 5.53 to 1 in Nasdaq

Declining stocks led by 14.60 to 1 in NYSE & 11.50 to 1 in Nasdaq

Net new 52 wk lows were leading by 2689 in NYSE & 1916 in Nasdaq

VIX UP 42.99% @ 82.69 ...high today 82.56.....new multi year high

Oil @ $28.70

Gold @ $1486.50

Canadian $ @ .6034

Portfolio AMD LK TWTR

Stocks which closed green included NEM AEM CNX
AAL CRON.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE took it on the chin again despite effort by Fed and major effort to contain and deal with Corona Virus. S&P 500 was down 11.98% and DOW 12.93% in today's trading.S&P 500 has lost 1012.58 points from its high in 4 weeks, this is a hair cut of 29.84%...so this rout went from overbought pullback to a correction of 10% to a total collapse of 30%. In my humble opinion, we have already discounted slowdown till August 2020, the question IS...do we need to discount more than August slump.....NO......

BLOG does NOT give buy or sell.

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