Indices closed down .25% to .49%......

Indices closed down.

S&P 500 @ 2132.55, low 2114.72, high 2138.19

RSI @ 42.30

CMF @ 0.00

Internals were :

Down volume led by 1.86 to 1 in NYSE & 2.03 to 1 in Nasdaq

Declining stocks led by 2.04 to 1 in NYSE & 2.55 to 1 in Nasdaq

Net new 52 wk lows were leading by 7 in NYSE & 73 in Nasdaq

VIX UP 4.90% @ 16.69

Oil @ $50.40

Gold @ $1257.60

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE reacted to weak Chinese import and export numbers, fear of Chinese slowdown gripped the market, by close, we were @ half decent numbers. Nasdaq is below 50 DMA, which is very troubling in Q4, which is the strongest seasonality. Strategy should be to stay put and show conviction and patience.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed