Indices closed down 1.25% to 2.13%.....

Indices closed down.

S&P 500 @ 2728.37, low 2710.51, high 2795.14

RSI @ 17.66

CMF @ -0.268

Internals were :

Down volume led by 4.92 to 1 in NYSE & 1.71 to 1 in Nasdaq

Declining stocks led by 3.53 to 1 in NYSE & 2.66 to 1 in Nasdaq

Net new 52 wk lows were leading by 718 in NYSE & 387 in Nasdaq

VIX UP 8.80% @ 24.98

Oil @ $70.97

Gold @ $1227.60

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE continued its slump despite 10 year rates were actually lower. Chinese economic weakness was a key factor in this selling as orders were softer. There is talk of China and US having a dialogue @ next summit which may result in trade talks.RSI has taken an extreme reading Nasdaq @ 18.97, DOW @ 26.49 and S&P 500 @ lowest @ 17.66, Nasdaq & S&P 500 is deep deep oversold numbers. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed