Indices closed down .12% to 1.56%.....

Indices closed down.

S&P 500 @ 1859.33, low 1812.29, high 1876.18

RSI @ 29.22

CMF @ 0.020

Internals were :

Down volume led by 3.18 to 1 in NYSE & 1.36 to 1 in Nasdaq

Declining stocks led by 2.57 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk lows were leading by 1407 in NYSE & 903 in Nasdaq

VIX UP 5.91% @ 27.59

Oil @ $27.59

Gold @ $1106.20

AH ER / News...XLNX UP 8.05%, FEYE UP 6.66%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE made lower lows not seen since October 2014, around low there was lot of buying by professional traders / mutual funds that trimmed losses by 50% to 5%, nice turnaround. Market seldom gives you the opportunity to pick strong stocks @ low prices and it is important to look @ prices than market conditions. Internals were horrible today even after turnaround, can you imagine how bad it was @ low of the day. I switch my focus to strong stocks from turnaround stocks.TAPE may have given low prices on many stocks today which we may never see.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed