Indices closed down .80% to .93%.....

Indices closed down.

S&P 500 @ 2079.61, low 2070.53, high 2096.17

RSI @ 45.01

CMF @ 0.034

Internals were :

Down volume led by 4.50 to 1 in NYSE & 3.74 to 1 in Nasdaq

Declining stocks led by 2.96 to 1 in NYSE & 2.68 to 1 in Nasdaq

Net new 52 wk lows were leading by 245 in NYSE & 118 in Nasdaq

VIX UP 10.59% @ 15.25

Oil @ $40.80

Gold @ $1127.90

AH ER ....NTAP UP 12.06%, MOMO Down 6.76%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE took it on the chin with worldwide stock slump. Fed has prepared the market for an instant rate hike, most will be shocked  but word is out already today in minutes.S&P 500 and Nasdaq both closed below 50 DMA, S&P 500 went below 200 DMA but crawled back above @ close. What can you say to a market, which is trying to discount something, which we do not know, is it China, or recession in many countries, Oil prices are a major stumbling block for a healthy market. As always, stay the course, these things get sorted out with time.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed