Indices closed down 1.29% to 1.58%......

Indices closed lower.

S&P 500 @ 1877.08, low 1875.97, high 1906.28

RSI @ 36.24

CMF @ -0.072

Internals were :

Down volume led by 8.53 to 1 in NYSE & 4.50 to 1 in Nasdaq

Declining stocks led by 5.67 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new 52 wk lows were leading by 92 in NYSE & 107 in Nasdaq

VIX UP 8.10% @ 24.15

Oil @ $30.34

Gold @ $1105.30

AH News / ER ...RMBS UP 6.16%, RLYP UP 17.23%
                             JNPR Down 4.2%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure again after two days of gains, oil is being blamed for a sharp pullback.Internals were extremely weak but RSI is saying buy this market now. Earnings will be in overdrive starting with AAPL AH, then Fed statement on Wednesday @ 2 PM. Market is in the final stage of sorting out oil impact & fed intentions, once those are out of the way, we may see more stability.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed