Indices closed down 4.41% to 4.44%.....

Indices closed down.

S&P 500 @ 2470.50, low 2447.50, high 2522.75

RSI @ 41.85

CMF @ 0.014

Internals were :

Down volume led by 10.96 to 1 in NYSE & 3.32 to 1 in Nasdaq

Declining stocks led by 9.52 to 1 in NYSE & 7.08 to 1 in Nasdaq

Net new 52 wk lows were leading by 137 in NYSE & 70 in Nasdaq

VIX UP 6.57% @ 57.06

Oil @ $20.31

Gold @ $1591.40

Canadian $ @ .5773

Portfolio AMD CIEN LK MU ROKU TWTR

Stocks which closed green included CIEN 
JD IQ NEM AEM ORCL X CNX....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE reacted negatively to updates about Corona Virus impact update by White House closing quite weak. Internals were weak. Market is doing what is necessary to digest news flow about Corona Virus. Stocks should be bought on weakness and held for better TAPE.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed