Indices closed down .28% to .84%.......

Indices closed down.

S&P 500 @ 2018.94, low 2017.22, high 2037.97

RSI @ 57.11

CMF @ 0.268

Internals were :

Down volume led by 3.34 to 1 in NYSE & 3.81 to 1 in Nasdaq

Declining stocks led by 2.45 to 1 in NYSE & 2.96 to 1 in Nasdaq

Net new 52 wk highs were leading by 27 in NYSE & lows by 29 in Nasdaq

VIX UP 6.03% @ 16.70

Oil @ $45.20

Gold @ $1167.10

In my portfolio :

Sold TSLA @ $210.00

Bought BIDU @ $149.24

AH ER....TXN UP 9.44%, EBAY 8.43%, AXP Down 3.79%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was weak with leaders under selling pressure again. Internals were weak also. Looks like this pullback has run its course by closing near low of the day. This pullback is normal in an ascending TAPE. Leaders should be back on track starting Thursday, tech earnings were better than expected, this should improve the sentiment. Stay the course.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed