Indices closed down 1.24% to 1.94%......

Indices closed down.

S&P 500 @ 2430.01, low 2430.01, high 2465.02

RSI @ 38.52

CMF @ 0.058

Internals were :

Down volume led by 6.88 to 1 in NYSE & 3.00 to 1 in Nasdaq

Declining stocks led by 4.55 to 1 in NYSE & 3.89 to 1 in Nasdaq

Net new 52 wk lows were leading by 93 in NYSE & 81 in Nasdaq

VIX UP 32.45% @ 15.55

Oil @ $47.09

Gold @ $1292.40

AH ER...ROST UP 11.76%, AMAT UP 3.78%
              GPS UP 5.51%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was in a selling frenzy, thanks to failure of US leadership to deal with any internal issues, resignation galore in white house staff is hurting confidence in investors. When the bell rang to close this market, all indices closed @ absolute low of the day. Russell closed below 200 DMA first time in 14 months. S&P 500 and Nasdaq closed well below 50 DMA. Lot of technical damage and lower lows were made. This market needs a major rebuke from Republican leadership to restore investor confidence. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed