Indices closed down .43% to .78%....

Indices closed down.

S&P 500 @ 2975.95, low 2970.09, high 2980.76

RSI @ 64.36

CMF @ -0.044

Internals were :

Down volume led by 2.29 to 1 in NYSE & 1.45 to 1 in Nasdaq

Declining stocks led by 1.77 to 1 in NYSE & 2.30 to 1 in Nasdaq

Net new 52 wk highs were leading by 115 in NYSE & 15 in Nasdaq

VIX UP 5.12% @ 13.96

Oil @ $57.66

Gold @ $1400.00

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under mild selling pressure due to upcoming testimony by Fed Chief, everyone needs more and more clarity while Fed has been very open about its intent. Japanese economic data tonight was worse than expected and lowest in many years, which reflects slowdown /  weakness in most world economies, an ideal environment for lower interest rates by Central Banks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed