Indices closed down 2.38% to 3.41%........

Indices closed down.

S&P 500 @ 2811.87, low 2801.43, high 2940.19

RSI @ 32.68

CMF @ 0.178

Internals were :

Down volume led by 8.69 to 1 in NYSE & 5.84 to 1 in Nasdaq

Declining Stocks led by 4.80 to 1 in NYSE & 5.12 to 1 in Nasdaq

Net new 52 wk lows were leading by 56 in NYSE & 114 in Nasdaq

VIX UP 28.12% @ 20.55

Oil @ $61.04

Gold @ $1301.80

AH news...SRCL UP 16.57%, WUBA UP 5.78%

                  AMRX UP 6.62%, FTEK Down 16.53%

AH Futures UP

AH Asian markets Down

AH Oil & Gold UP

About market, TAPE was under intense selling pressure, S&P 500 and Nasdaq pierced through 50 DMA and DOW went below 50 & 200 DMA a massive technical breakdown, it will take a while to repair this damage in a conclusive manner. We may get an oversold bounce on turnaround Tuesday but we must wait for Wednesday's close to see IF there is a confirmation.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed