Indices closed down .96% to 1.27%......

Indices closed down.

S&P 500 @ 2084.07, low 2076.49, high 2102.66

RSI @ 46.37

CMF @ 0.004

Internals were :

Down volume led by 2.57 to 1 in NYSE & 4.19 to 1 in Nasdaq

Declining stocks led by 1.68 to 1 in NYSE & 2.34 to 1 in Nasdaq

Net new 52 wk lows were leading by 107 in NYSE & 72 in Nasdaq

VIX UP 12.10% @ 13.71

Oil @ $43.08

Gold @ $1107.70

AH ER ...CREE Down 2.98%, CYBR UP 1.82%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE yielded to Chinese Yuan 1.90% devaluation, this may cause Sales disruption in many companies who sell in China, their Sales value will go down 1.9% in US $ terms. Dow has created a "death cross " which is watched by many and followed by very few. S&P 500 managed to stay and closed above 200 DMA. Nasdaq closed below 50 DMA. These stats are interesting to watch as it defies any interpretation, because they do nullify these technical patterns very next day ?
We are all set to rally again, a setback to those who keep their " buy buttons out of sight "

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed