Indices closed down .07% to .92%......

Indices closed down.

S&P 500 @ 2063.59, low 2052.32, high 2073.85

RSI @ 48.21

CMF @ -0.100

Internals were :

Down volume led by 2.76 to 1 in NYSE & 1.40 to 1 in Nasdaq

Declining stocks led by 2.05 to 1 in NYSE & 1.48 to 1 in Nasdaq

Net new 52 wk lows were leading by 342 in NYSE & 179 in Nasdaq

VIX UP 11.11% @ 17.60

Oil @ $37.51

Gold @ $1075.30

AH ER / News....ONTY Down 28.43%, WYNN UP 9.3%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under tremendous selling pressure again, Nasdaq managed to close slightly lower, all strong stocks turned around and closed green. Dow & S&P 500 closed below 200 DMA. Oil is controlling this TAPE and IF oil is higher then we are off to the races. Nasdaq is ready to make a "golden cross " as early as tomorrow, that will signal a new powerful bull run. Dow & S&P 500 should make " golden cross " soon after. SO, in the midst of turmoil technicals are looking UP.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed