Indices closed down 3.10% to 3.80%.......

Indices closed down.

S&P 500 @ 2700.06, low 2697.18, high 2785.93

RSI @ 46.28

CMF @ 0.107

Internals were :

Down volume led by 13.67 to 1 in NYSE & 7.10 to 1 in Nasdaq

Declining stocks led by 4.27 to 1 in NYSE & 5.96 to 1 in Nasdaq

Net new 52 wk lows were leading by 343 in NYSE & 212 in Nasdaq

VIX UP 26.16% @ 20.74

Oil @ $53.25

Gold @ $1246.60

AH news....FLIR UP 11.46%, NTRI Down 5.5%

                   ZUMZ Down 5%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE took it on the chin and closed near low of the day. Trade tension between China & US has given up on diplomacy and indulging in " tough talk " which erodes confidence in the process and affects investing environment. 10 year yield @ 2.915% and 30 year @ 3.17% does not show the much talked about yield curve issue. Definitely markets are becoming more than challenging, the only thing I do is reduce my exposure when my confidence is low, which IS the case now. Next post is on Thursday around 2 PM as US market is closed on Wednesday, world markets and Toronto is open for full business.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed