Indices closed down .78% to 1.13%.....

Indices closed down.

S&P 500 @ 2063.37, low 2054.89, high 2077.18

RSI @ 48.93

CMF @ 0.172

Internals were :

Down volume led by 6.02 to 1 in NYSE & 2.96 to 1 in Nasdaq

Declining stocks led by 3.09 to 1 in NYSE & 2.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & lows by 12 in Nasdaq

VIX UP 6.27% @ 15.60

Oil @ $43.65

Gold @ $1291.80

AH ER...ZG UP 13.92%, RUBI Down 8.02%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE faced many negatives out of China, Europe and USA, considering everything which was thrown @ this TAPE, we closed well above lows, which is a victory. These sharp selling is actually very healthy as it flushes out euphoria and complacency in a hurry. CMF actually improved in S&P 500, which is remarkable. This TAPE is known for resiliency and it got displayed in a big way today. May, may be the month where we make a new all time highs, stay tuned.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed