Indices closed down .45% to .65%.....

Indices closed down.

S&P 500 @ 2178.15, low 2178.14, high 2186.24

RSI @ 57.85

CMF @ 0.185

Internals were :

Down volume led by 2.02 to 1 in NYSE & 2.87 to 1 in Nasdaq

Declining volume led by 2.21 to 1 in NYSE & 2.27 to 1 in Nasdaq

Net new 52 wk highs were leading by 114 in NYSE & 67 in Nasdaq

VIX UP 7.03% @ 12.64

Oil @ $46.58

Gold @ $1356.90

AH ER...URBN UP 11.88%, PLKI Down 2.5%
               CREE Down 7.82%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure and closed @ low of the day, stocks were overbought. Internals were weak. Fed minutes @ 2 PM will dictate how we react, there may be hint of 1 more interest rate hike, which market will accept without any turmoil. Oil continued its run but it was no help to equities today. George Soros halved his gold exposure and doubled down on his bearish bet on the market along with many others, who knows, they may have to do triple down soon.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed