Indices closed down 2.90% to 3.47%.....

Indices closed down.

S&P 500 @ 2844.74, low 2822.12, high 2898.07

RSI @ 28.01

CMF @ 0.128

Internals were :

Down volume led by 10.63 to 1 in NYSE & 5.81 to 1 in Nasdaq

Declining stocks led by 6.39 to 1 in NYSE & 6.46 to 1 in Nasdaq

Net new 52 wk lows were leading by 147 in NYSE & 227 in Nasdaq

VIX UP 39.64% @ 24.59

Oil @ $54.69

Gold @ $1464.60

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE reacted negatively to US / China tit for tat strategy to deal with their trade dispute, now we have entered another round of name calling dubbing China currency manipulator, now it is China's turn to give a new label to USA. While all these are so called negotiating strategies for a trade deal BUT investors are caught in the middle as bait. We almost suffered 1000 point drop in DOW before recovering to down 767. Futures are sharply lower again to 362 lower in DOW. Let us hope someone needs to blink as playing tough is causing deep financial losses to worldwide investors now.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed