Indices closed down .30% to .40%.....

Indices closed down.

S&P 500 @ 2444.04, low 2441.42, high 2448.91

RSI @ 46.32

CMF @ 0.057

Internals were :

UP volume led by 1.38 to 1 in NYSE & .91 to 1 in Nasdaq

Advancing stocks led by 1.12 to 1 in NYSE & .83 to 1 in Nasdaq

Net new 52 wk highs were leading by 16 in NYSE & lows by 20 in Nasdaq

VIX UP 7.93% @ 12.25

Oil @ $48.37

Gold @ $1294.70

Stocks which were UP 2% or more included MOMO NVDA OCLR
SNAP WB TSLA FNSR AMD SINA TK CIEN SHOP X.....

AH news :

GES UP 12.98%, WSM UP 6.57%, XLNX Down 2.3%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE faced selling due to uncertainty on US political front, issues like government shutdown, tax reform and famous health care repeal and replace is stuck in the mud. Indices closed near low of the day. S&P 500 closed below 50 DMA. Chinese stocks did very well and late surge in optical communications stocks. Nasdaq barely closed above 50 DMA, it needs to hold that level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed