Indices closed down 1.22% to 1.44%......

Indices closed down.

S&P 500 @ 2045.95, low 2045.66, high 2072.29

RSI @ 47.33

CMF @ 0.147

Internals were :

Down volume led by 9.28 to 1 in NYSE & 3.84 to 1 in Nasdaq

Declining stocks led by 4.51 to 1 in NYSE & 3.51 to 1 in Nasdaq

Net new 52 wk lows were leading by 164 in NYSE & 110 in Nasdaq

VIX UP 14.38% @ 18.37

Oil @ $41.75

Gold @ $1081.00

AH ER....CSCO Down 5.07%, LOCO Down 8.25%
                JWN Down 19.45%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under intense selling pressure thanks to Oil, Commodities & Fed statements for higher rates, indices closed @ low of the day and went below 200 DMA in Dow & S&P 500. Was this the final flush before we stabilise and go higher, only Friday's TAPE may confirm this. Still recommend holding strong stocks in this challenging environment.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed