Indices closed down .74% to .94%......

Indices closed down.

S&P 500 @ 2079.06, low 2078.46, high 2098.12

RSI @ 47.46

CMF @ 0.201

Internals were :

Down volume led by 4.40 to 1 in NYSE & 2.27 to 1 in Nasdaq

Declining stocks led by 3.10 to 1 in NYSE & 2.95 to 1 in Nasdaq

Net new 52 wk highs were leading by 70 in NYSE & lows by 10 in Nasdaq

VIX UP 23.14% @ 20.97

Oil @ $48.88

Gold @ $1286.90

AH news...BIDU Down 5.37%

In my portfolio....Sold BIDU in AH @ $154.00
                            Added 100% VRX in AH @ $23.87

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure again due to Brexit and lower oil, indices closed @ low of the day. Internals were very weak. I expect Tuesday to be " turnaround Tuesday "....VIX has jumped to 3 month high, this may be a " contrary indicator "of better action in equities. Fed starts its meeting and Wednesday statement may bring relief and further support for equities. Hopefully, oil may find support and firm up on Tuesday also, another positive for equities.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed