Indices closed down .38% to .58%....

Indices closed down.

S&P 500 @ 2584.62, low 2566.33. high 2586.50

RSI @ 63.83

CMF @ 0.240

Internals were :

Down volume led by 1.17 to 1 in NYSE & 1.62 to 1 in Nasdaq

Declining stocks led by 1.67 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk lows were leading by 6 in NYSE & 18 in Nasdaq

VIX UP 7.36% @ 10.50

Oil @ $57.17

Gold @ $1287.50

AH news...NVDA UP 3.20%, JWN Down 1.55%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under severe selling pressure with Dow being as low as 250 points, all due to new details on Tax reforms, indices managed to trim some loss by close. Internals were negative. Some stocks survived this intense selling, news from NVDA is very good, which should help that sector of the market. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed