Indices closed down 1.09% to 1.23%....

Indices closed down.

S&P 500 @ 2980.38, low 2958.08, high 3017.40

RSI @ 50.36

CMF @ 0.243

Internals were :

Down volume led by 3.07 to 1 in NYSE & 2.58 to 1 in Nasdaq

Declining stocks led by 1.77 to 1 in NYSE & 2.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 328 in NYSE & 69 in Nasdaq

VIX UP 15.64% @ 16.12

Oil @ $58.58

Gold @ $1437.80

In my portfolio Sold NEM @ $36.45...

Stocks which closed green included TWTR BZUN HUYA
SHOP MTCH AAPL TLRY CSIQ SPWR TK RIG ULTA
M CNX.....

AH news...SPWR UP 19.50%, RUBY UP 10.64%

                  PS Down 29.29%, BYND Down 5.86%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE got a real shocker from Fed when Q & A started, they stated this is just an adjustment NOT a start of interest rate cuts, this was a very poorly planned Q & A by Fed Chief, its job is to articulate same policies before any Q & A. Bottom line is US$ strengthened, Gold is taking a tumble and markets went down in a hurry....an exact opposite of what suppose to happen. The only saving grace is " we did not close @ low of the day " BUT confidence in Fed is eroded.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed