Indices closed down 1.56% to 1.86%....

Indices closed down.

S&P 500 @ 2887.61, low 2874.93, high 2924.78

RSI @ 35.44

CMF @ -0.405

Internals were :

Down volume led by 5.68 to 1 in NYSE & 1.95 to 1 in Nasdaq

Declining stocks led by 3.56 to 1 in NYSE & 2.75 to 1 in Nasdaq

Net new 52 wk lows were leading by 105 in NYSE & 164 in Nasdaq

VIX UP 10.78% @ 20.56

Oil @ $52.64

Gold @ $1507.90

AH news....PS UP 22.31%, GPRO Down 16.37%

                   TSLA Down 4.09%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under severe selling again for two days in a row, fear of recession keeps growing with each economic report. All Major indices  have broken support of 50 DMA and are very close to breaking 200 DMA. RSI @ 35.44 in S&P 500 is deeply oversold number, IF we hold 200 DMA on a closing basis then we may have completed this discounting of recession fear.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed