Indices closed down .75% to 1.01%.....

Indices closed down.

S&P 500 @ 2045.17, low 2042.56, high 2062.50

RSI @ 58.28

CMF @ 0.230

Internals were :

Down volume led by 2.52 to 1 in NYSE & 2.44 to 1 in Nasdaq

Declining stocks led by 2.43 to 1 in NYSE & 2.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 80 in NYSE & lows by 11 in Nasdaq

VIX UP 9.21% @ 15.42

Oil @ $35.89

Gold @ $1219.30

AH ER....CREE Down 18.86%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE saw selling from open to close, Germany data was bad enough for a slump in DAX of 2.63%, other European exchanges were sharply lower in sympathy. IMF also made negative comment about world economy growth picture resulting in selling all over. Internals were better than indices. RSI also improved to get some buying underway. This was a typical selling on overbought condition, weak economic data & commentary from Fed to IMF. 

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed