Indices closed down 2.19% to 2.72%.....

Indices closed down.

S&P 500 @ 3050.33, low 3032.13, high 3115.01

RSI @ 49.34

CMF @ 0.078

Internals were :

Down volume led by 13.64 to 1 in NYSE & 17.52 to 1 in Nasdaq

Declining stocks led by 6.83 to 1 in NYSE & 4.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 16 in NYSE & 39 in Nasdaq

VIX UP 7.87% @ 33.84

Oil @ $38.01

Gold @ $1775.10

Canadian $ @ .6395

Portfolio AAL APA CCL MGM SU

Stocks which closed green included ZI ZM GAN ENPH 
PPD NVAX JKS CSIQ SINA OSTK MRNA......

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was faced with Corona Virus flare up in Florida, Texas and few more state, this caused panic which forced many to book profit and reduce exposure. Today's selling was across every sector. Internals were most negative i have seen in a long time specially in down volume lead. Do not see that bullish trend has changed @ all contrary to a famous pundit whose chart has been downward sloping for months.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed