Indices closed down .67% to 1.51%......

Indices closed down,

S&P 500 @ 2917.38, low 2916.01, high 2946.52

RSI @ 57.81

CMF @ -0.042

Internals were :

Down volume led by 2.78 to 1 in NYSE & 2.15 to 1 in Nasdaq

Declining stocks led by 2.01 to 1 in NYSE & 1.77 to 1 in Nasdaq

Net new 52 wk highs were leading by 96 in NYSE & lows by 54 in Nasdaq

VIX UP 6.68% @ 16.28

Oil @ $57.83

Gold @ $1418.70

AH news....MU UP 8.63%, TER UP 5.39%

                   RUN Down 6.12%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE ran into pessimism after Fed chief toned down expectations about interest rate cuts by saying it cannot be politically driven. There is lot of apprehension about weekend G 20 meeting between China & US head of state. This weekend also will see resumption of trade negotiations between US & China. All in all lot of issues for market to handle, market hates uncertainty.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed