Indices closed down 1.13% to 1.28%.....

Indices closed down.

S&P 500 @ 2940.25, low 2938.70, high 2992.53

RSI @ 44.08

CMF @ 0.122

Internals were :

Down volume led by 5.28 to 1 in NYSE & 2.05 to 1 in Nasdaq

Declining stocks led by 2.76 to 1 in NYSE & 3.29 to 1 in Nasdaq

Net new 52 wk lows were leading by 16 in NYSE & 92 in Nasdaq

VIX UP 14.29% @ 18.56

Oil @ $53.62

Gold @ $1489.00

AH news....VSLR UP 7.99%, SFIX Down 9.12%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was in freefall and closed @ low of the day. S&P 500 & Nasdaq closed below 50 DMA while DOW & SOX closed above 50 DMA. Internals were extremely negative. We are back @ square one no uptrend in sight as poor manufacturing data in USA took its toll. Hopefully Wednesday may bring some relief to our deeply oversold conditions.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed