Indices closed down .31% to .46%......

Indices closed down.

S&P 500 @ 2066.13, low 2062.57, high 2074.02

RSI @ 67.19

CMF @ 0.326

Internals were :

Down volume led by 2.92 to 1 in NYSE & 1.56 to 1 in Nasdaq

Declining stocks led by 2.78 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 134 in NYSE & 50 in Nasdaq

VIX UP 7.79% @ 14.12

Oil @ $35.70

Gold @ $1219.30

AH News...TSLA Down 4.14%, JD Down 7.06%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under mild selling pressure, internals were much weaker than index. I expect weakness to last few days after that will evaluate.It is healthy for TAPE to take rest and gather strength. RSI needs to be in focus in portfolio, extended stocks are vulnerable. There is time to take a breather from hectic trading, this may be that time. Stock picking remains key even in this pullback.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed