Indices down 2.91% to 3.57%......

China retaliated by lowering its currency to reduce impact of higher tariff in USA and stopped buying agricultural products from USA... a two prong attack to 10% proposed hike in import duties for Chinese goods......

Now latest tweet is for Fed to lower interest rates to deal with Chinese Yuan devaluation....so it goes on & on......till exhaustion sets in.....

Nasdaq in general and Chinese / US Semiconductor stocks in particular are being trashed.....

S&P 500 @ 2845.87, low 2844.31, high 2898.07

Internals are negative by minimum 8 to 1.....a deeply oversold condition.....

Oil Down 99 cents

Gold UP $19.30

Canadian $ UP 8 tick @ .6804

VIX UP 30.38% @ 22.96...near high of the day....

Portfolio AMD BZUN CIEN CRON FB TSLA

Most stocks are down

@ 2.11 PM following are green :

NEM AEM GLD NIU OSTK.....

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed