Indices closed down .07% to 1.01%......

Indices closed down.

S&P 500 @ 2716.26, low 2706.76, high 2737.60

RSI @ 48.86

CMF @ -0.40

Internals were :

Down volume led by 2.49 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by 1.99 to 1 in NYSE & 2.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 11 in NYSE & 59 in Nasdaq

VIX UP 5.86% @ 20.60

Oil @ $61.78

Gold @ $131.20

AH news....TTPH UP 9.13%, TWRH Down 2.74%
                  BYD Down 6.13%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was spooked by rising inflation and higher interest rates in treasury. WMT earnings report was a huge negative which impacted overall investor sentiment. After 6 days of huge gains, we were ripe for profit taking.Dow & S&P 500 closed below 50 DMA but Nasdaq still above. Hopefully by Wednesday close we will be back in positive mode.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed