Indices closed down 5.27% to 6.90%.....

Indices closed down.

S&P 500 @ 3002.19, low 2999.49, high 3123.53

RSI @ 48.58

CMF @ 0.212

Internals were :

Down volume led by 37.27 to 1 in NYSE & 4.92 to 1 in Nasdaq

Declining stocks led by 17.68 to 1 in NYSE & 12.97 to 1 in Nasdaq

Net new 52 wk highs were leading by 5 in NYSE & 15 in Nasdaq

VIX UP 47.95% @ 40.79

Oil @ $36.34

Gold @ $1739.80

Canadian $ @ .6437

In my portfolio ...added 60% MGM @ $17.50 in pre market

Portfolio CGC CIEN CNX MGM ROKU SU

Stocks which closed green included ZM VICR HUYA 
YY CHK.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was extremely weak from open and closed near low of the day. Today's downdraft must not surprise any of this BLOG reader as it was highlighted in last night commentary. Reason of this slump is overbought overbought overbought and needed this major adjustment. We have to watch how we close on Friday to analyze this TAPE for real strength or weakness.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed