Indices closed down 1.09% to 1.54%.....

Indices closed down

S&P 500 @ 2136.73, low 2128.84, high 2161.56

RSI @ 43.32

CMF @ -0.014

Internals were :

Down volume led by 8.00 to 1 in NYSE & 6.07 to 1 in Nasdaq

Declining stocks led by 6.96 to 1 in NYSE & 5.11 to 1 in Nasdaq

Net new 52 wk lows were leading by 8 in NYSE & 12 in Nasdaq

VIX UP 14.80% @ 15.36

Oil @ $50.79

Gold @ $1255.90

AH ER...FTNT Down 13.96%, CUDA UP 6.82%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under severe selling pressure till close, indices closed near low of the day , internals are all negative after a long time.S&P 500 & Dow are both below 50 DMA, Nasdaq barely above. This is a good time to get back in strong stocks on weakness and lower prices. AA earning is not an indicator of how tech companies will report.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed