Indices closed down 1.20% to 1.49%......

Indices closed down.

S&P 500 @ 2882.69, low 2873.14, high 2907.58

RSI @ 39.89

CMF @ 0.112

Internals were :

Down volume led by 4.80 to 1 in NYSE & 2.36 to 1 in Nasdaq

Declining stocks led by 2.35 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new 52 wk lows were leading by 33 in NYSE & 114 in Nasdaq

VIX UP 17.36% @ 21.09

Oil @ $54.53

Gold @ $1517.20

AH news...BRKS Down 15.51%, AKAM Down 5.84%

                  LNNW UP 4.26%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under another selling pressure on fear of recession and ongoing disruption in Hong Kong, I personally believe that these issues may have been already discounted by markets now, RSI @ 39.89 is extremely oversold which is ripe for an oversold bounce. It gets very frustrating in relentless selling by HFT which we are witnessing now. Turnaround Tuesday is here.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed