Indices closed down .56% to .79%......

Indices closed down.

S&P 500 @ 2051.12, low 2045.55, high 2060.30

RSI @ 44.90

CMF @ 0.113

Internals were :

Down volume led by 2.47 to 1 in NYSE & 2.74 to 1 in Nasdaq

Declining stocks led by 1.52 to 1 in NYSE & 2.03 to 1 in Nasdaq

Net new 52 wk highs were leading by 120 in NYSE & lows by 33 in Nasdaq

VIX UP 2.88% @ 16.05

Oil @ $43.78

Gold @ $1274.40

AH ER...TSLA UP 2.47%, QRVO UP 7.39%
               TRIP Down 3.77%, FIT Down 12.69%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under selling pressure again on growth concern in World economies. We may have discounted this concern by today's lows in market, we had a healthy pullback which was good for the bull to resume its uptrend. Thursday may be a turnaround day in market. Old favourites may be in play again as they are looking attractive again after this pullback.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed