Indices closed down .78% to 1.11%....

Indices closed down.

S&P 500 @ 2643.85, low 2624.06, high 2644.97

RSI @ 56.21

CMF @ 0.344

Internals were :

Down volume led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.79 to 1 in Nasdaq

Net new 52 wk highs were leading by 22 in NYSE & 3 in Nasdaq

VIX UP 8.32% @ 18.87

Oil @ $51.99

Gold @ $1303.10

AH news....SANM UP 21.83%, AKS UP 5.19%

                   EGHT Down 9.26%, RMBS Down 7.6%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure but recovered half of its loss and closed @ high of the day. Slowdown in China has impacted INTC NVDA CAT so far and more to come. Trade talk has taken another setback with HUAWEI being charged for fraud and extradition of CFO from Canada being pursued. These two backdrop causing futures to be negative.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed