Indices closed down .78% to 1.44%......

Indices closed down.

S&P 500 @ 2419.70, low 2405.70, high 2442.73

RSI @ 47.76

CMF @ 0.164

Internals were :

Down volume led by 1.53 to 1 in NYSE & 2.21 to 1 in Nasdaq

Declining stocks led by 2.39 to 1 in NYSE & 1.69 to 1 in Nasdaq

Net new 52 wk highs were leading by 41 in NYSE & 43 in Nasdaq

Oil @ $44.93

Gold @ $1245.80

AH ER...NKE UP 7.81%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure again, volatility in markets has increased substantially, selling pressure came without any real reason today, that is a disturbing sign. S&P 500 and Nasdaq both dipped below 50 DMA but S&P 500 managed to close above, Nasdaq closed below 50 DMA. Internals improved by close but still negative.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed