Indices closed down 1.42% to 1.67%......

Indices closed down.

S&P 500 @ 2049.62, low 2042.35, high 2085.00

RSI @ 44.44

CMF @ -0.122

Internals were :

Down volume led by 3.28 to 1 in NYSE & 3.82 to 1 in Nasdaq

Declining stocks led by 4.35 to 1 in NYSE & 3.20 to 1 in Nasdaq

Net new 52 wk lows were leading by 138 in NYSE & by 25 in Nasdaq

VIX UP 13.83% @ 18.11

Oil @ $41.08

Gold @ $1061.20

AH ER ....AMBA Down 8.26%, ULTA UP 6.87%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, stocks sold off sharply on fear of December rate hike, this rate hike has been articulated clearly by Fed chief and many Fed officials in their speech and testimony / presentations, market is having trouble digesting this news. Jobs report should confirm improving employment trend. Dow & S&P 500 closed below 200 DMA and Nasdaq is barely above it, market internals became negative all over. This selling bout may have run its course already as we closed @ low of the day.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed