Indices closed down 2.06% to 2.82%.....

Indices closed @ absolute low of the day.

S&P 500 @ 2035.73, low 2035.73, high 2076.61

RSI @ 34.27

CMF @ 0.010

Internals were :

Down volume led by 7.79 to 1 in NYSE & 12.98 to 1 in Nasdaq

Declining stocks led by 5.74 to 1 in NYSE & 5.95 to 1 in Nasdaq

Net new 52 wk lows were leading by 343 in NYSE & 207 in Nasdaq

VIX UP 25.51% @ 19.14

Oil @ $41.32

Gold @ $1153.20

AH ER...CRM UP 2.92%, BRCD UP 5.97%
               ROST Down 9.32%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under severe selling pressure taking all indices to lowest level close of 2015. 200 DMA is where all indices are sitting below, not a pretty picture. Internals had the feel of total capitulation. We may turn UP after 11 AM once margin calls are squared away. IF you have the will to buy bargain, we may have seen that already, we are all set to rebound, China Flash PMI notwithstanding.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed