Indices closed down .35% to .81%.....

Indices closed down.

S&P 500 @ 2175.44, low 2171.25, high 2186.66

RSI @ 53.33

CMF @ 0.201

Internals were :

Down volume led by 3.48 to 1 in NYSE & 2.58 to 1 in Nasdaq

Declining stocks led by 2.39 to 1 in NYSE & 1.96 to 1 in Nasdaq

Net new 52 wk highs were leading by 102 in NYSE & 89 in Nasdaq

VIX UP 8.64% @ 13.45

Oil @ $46.77

Gold @ $1329.70

AH ER...HPQ Down 6.25%, WDAY UP 12.35%
              GES UP 15.5%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE went down on  Hillary Clinton's negative statement about Mylan pricing which took all biotech lower.Indices closed near low of the day, internals were weak. Thursday is another day of anxiety over Jackson hole speech by Janet Yellen, i do not expect any policy statement, only an overview of where US economic picture stands. Weakness is a buying opportunity for those who are under invested.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed