Indices closed down 1.80% to 2.24%......

Indices closed down.

S&P 500 @ 1903.03, low 1897.29, high 1935.26

RSI @ 43.63

CMF @ 0.021

Internals were :

Down volume led by 9.46 to 1 in NYSE & 6.90 to 1 in Nasdaq

Declining stocks led by 4.11 to 1 in NYSE & 3.88 to 1 in Nasdaq

Net new 52 wk lows were leading by 62 in NYSE & 130 in Nasdaq

VIX UP 10.01% @ 21.98

Oil @ $29.88

Gold @ $1127.20

AH ER...ZG Down 2.10%, CMG Down 6.49%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE came under pressure on below $30 oil, indices closed near low of the day. Oil seems to be the deciding factor where indices go. It is hard to evaluate or know the direction of oil as we are all equity focus. Hopefully this shall pass soon. In the meantime look @ quality of your portfolio and try to make it better.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed