Indices closed down .98% to 1.01%........

Indices closed lower.

S&P 500 @ 2078.58, low 2068.24, high 2096.56

RSI @ 58.11

CMF @ 0.190

Internals were :

Down volume led by 4.49 to 1 in NYSE & 3.33 to 1 in Nasdaq

Declining stocks led by 3.95 to 1 in NYSE & 2.26 to 1 in Nasdaq

Net new 52 wk lows were leading by 59 in NYSE & highs by 18 in Nasdaq

VIX UP 15.28% @ 16.52

Oil @ $43.87

Gold @ $1088.10

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE got hit with many negative news like Chinese slowdown in imports & exports, OECD reducing worldwide growth and interest rate jitters, based on all the issues we did not close near low of the day and volume was low also.Dow & S&P 500 are very close to 200 DMA but Nasdaq is well above which is a sign of strength. I do not see today's TAPE as a sign of any change in the direction of this bull run. Weakness need to be bought or maintain your exposure.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed