Indices closed down .23% to .79%.....

Indices closed down.

S&P 500 @ 2792.81, low 2767.66, high 2816.88

RSI @ 65.32

CMF @ 0.274

Internals were :

Down volume led by 1.35 to 1 in NYSE & 1.28 to 1 in Nasdaq

Declining stocks led by 1.38 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk highs were leading by 111 in NYSE & 59 in Nasdaq

VIX UP 7.81% @ 14.63

Oil @ $56.59

Gold @ $1287.50

AH news...CSIQ UP 5.61%, CTRP UP 7.17%

                  HUYA UP 11.16%, PS Down 7.73%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was strong @ open then faded to lowest level in 3 weeks, by close indices improved by erasing majority of losses. Today was the first serious pullback @ low of the day to deal with overbought conditions, even economic news in USA was weaker than expected. Buyers were keen to buy near low of the day thus a spirited recovery in all indices.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed