Indices closed down .64% to 1.10%.....

Indices closed down.

S&P 500 @ 2079.51, low 2077.11, high 2104.27

RSI @ 52.74

CMF @ -0.103

Internals were :

Down volume led by 4.24 to 1 in NYSE & 1.87 to 1 in Nasdaq

Declining stocks led by 3.75 to 1 in NYSE & 2.01 to 1 in Nasdaq

Net new 52wk lows were leading by 54 in NYSE & highs by 25 in Nasdaq

VIX UP 8.45% @ 15.91

Oil @ $39.94

Gold @ $1053.80

AH ER...AVGO UP 9.48%, PVH UP 3.02%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under tremendous selling pressure on stronger than expected ADP jobs report and then Fed chief indicated all set to increase interest rate. Mario Draghi may cut all this negativity on Thursday with ECB policy statement of easing . This was a normal jittery reaction to known news. Stay with your exposure and could do some buying IF comfort level is there. This bull market is alive and well.

BLOG does NOT give buy or sell.

Saleem 

Posted in: Mixed