Indices closed down 1.92% to 3.02%.....

 Indices closed down.

S&P 500 @ 3236.92, low 3232.57, high 3323.35

RSI @ 37.04

CMF @ -0.009

Internals were :

Down volume led by 8.83 to 1 in NYSE & 2.79 to 1 in Nasdaq

Declining stocks led by 7.84 to 1 in NYSE & 5.94 to 1 in Nasdaq

Net new 52 wk lows were leading by 40 in NYSE & 47 in Nasdaq

VIX UP 6.40% @ 28.58

Oil @ $39.93

Gold @ $1868.40

Canadian $ @ .6624

Portfolio AAL APA CCL AG FCX MGM SU

Stocks which closed green included CSIQ JKS MU TWTR

GOOS ERI ZM SEDG NKE IQ LULU BZUN FSLR MGA

CMG....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE came in intense selling pressure and closed near low of the day, it was technical selling to test support again and again. Internals were negative all over. We are deeply oversold and is ready for an oversold bounce. This is a very good opportunity to rejuggle your portfolio as everything is being sold off.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed