Indices closed down .43% to .93%....

Indices closed down.

S&P 500 @ 2097.94, low 2094.00, high 2111.76

RSI @ 31.59

CMF @ -0.190

Internals were :

Down volume led by 4.19 to 1 in NYSE & 2.38 to 1 in Nasdaq

Declining stocks led by 3.22 to 1 in NYSE & 2.82 to 1 in Nasdaq

Net new 52 wk lows were leading by 87 in NYSE & 153 in Nasdaq

VIX UP 4.09% @ 19.32

Oil @ $45.34

Gold @ $1308.20

AH ER...FB Down 7.05%, FIT Down 29.66%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE has been deeply oversold, based on all normal metrics, but, this is election fear gripping this TAPE. RSI is telling us many stocks are screaming buy, as they all have broken down technically. IF you have very good understanding of certain quality stocks, then it may be the time to buy or hold it, till sentiment change. Sentiment may turn into euphoria on November 9th. Markets on occasion, does not make sense, but, this is what we get in unpredictable election. Patience and conviction gets tested in these situation. Do not lose hope.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed