Indices closed down .98% to 2.17%....

 All major averages closed near low of the day in a high volume selling, Nasdaq was the-weakest.

S&P 500 @ 4513.39, low 4505.75, high 4550.93

S&P 500 RSI @ 53.82

Nasdaq RSI   @ 50.95

DOW RSI     @ 60.85

IWM RSI     @ 57.09

SOX RSI     @ 50.43

Internals were :

Down volume led by 3.62 to 1 in NYSE & 2.37 to 1 in Nasdaq

Declining stocks led by 4.00 to 1 in NYSE & 2.56 to 1 in Nasdaq

Net new highs were leading by 12 in NYSE & lows by 68 in Nasdaq

VIX UP 15.51% @ 16.09

Oil @ $79.45

Gold @ $1975.00

Canadian $ @ .6661

In my portfolio :

Bought PLTR @ $19.39 in pre market

Added 250% PLTR @ $18.87

Sold NVDA @ $43.20 in Toronto

Portfolio PLTR SHOP BTTC

Blame todays selling on being stretched with overbought conditions or Fitch downgrade of US or to 10 year yield of 4.08%, I will say It was a combination of all 3.....These selling are needed and one must be ready with your own game plan.

BLOG does NOT give buy or sell.

Saleem