Indices closed down .32% to .47%....

Indices closed down.

S&P 500 @ 2869.16, low 2860.59, high 2898.74

RSI @ 44.12

CMF @ 0.013

Internals were :

Down volume led by 2.09 to 1 in NYSE & 1.91 to 1 in Nasdaq

Declining stocks led by 1.68 to 1 in NYSE & 2.41 to 1 in Nasdaq

Net new 52 wk lows were leading by 46 in NYSE & 138 in Nasdaq

VIX UP 5.12% @ 20.31

Oil @ $54.93

Gold @ $1551.80

AH news.....ADSK Down 10.59%, SPAR Down 14.15%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE showed tremendous resiliency against a backdrop of serious inverted yield, that shows that we may have discounted either fear of recession or yield may go positive the way it should be, so today was an aberration of economic jitters. As we closed mildly negative in Indices, we may be heading higher.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed