Indices closed down .08% to .31%......

Indices closed down.

S&P 500 @ 1938.76, low 1932.57, high 1949.52

RSI @ 42.25

CMF @ 0.071

Internals were :

Down volume led by 2.28 to 1 in NYSE & 1.16 to 1 in Nasdaq

Declining stocks led by 1.43 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk lows were leading by 220 in NYSE & 107 in Nasdaq

VIX Down 1.38% @ 22.13

Oil @ $44.48

Gold @ $1131.50

AH ER.. SNCR UP 6.12%, RGEN Down 6.57%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was sluggish again and zig zagged whole day. Close was respectable in many days, CMF improved further in all indices, a sign of better TAPE to come. I am more optimistic today, we may be ready for an oversold bounce. Fed policy and Chinese weakness have been analysed & reacted to the hilt already. It is a short term traders market and should be traded accordingly.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed