Indices closed down .69% to 1.62%.....

Indices closed down.

S&P 500 @ 2083.56, 2075.53, high 2103.32

RSI @ 45.10

CMF @ 0.058

Internals were :

Down volume led by 1.09 to 1 in NYSE & 2.96 to 1 in Nasdaq

Declining stocks led by 1.47 to 1 in NYSE & 2.26 to 1 in Nasdaq

Net new 52 wk lows were leading by 280 in NYSE & 117 in Nasdaq

VIX UP 10.07% @ 13.77

Oil @ $44.66

Gold @ $1090.10

AH ER.... MNST UP 4.56%. CSOD UP 4.96%
                 NVDA UP 10.61%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was weak on fear of strong jobs report and higher interest rates sooner than expected. Jobs report should show improving economy and its positive impact. Stock market likes growth in economy as it improves profitability for corporation. Nasdaq suffered its sharp loss in a long time and is below 50 DMA, S&P 500 is near 200 DMA, hopefully we rebound from these support levels.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed