Indices closed down 1.51% to 1.60%....

Indices closed @ lowest level in last 2 weeks.


S&P 500 @ 1935.10, low 1934.87, high 1962.36


RSI @ 36.72


CMF @ -0.003


Internals were :


Down volume led by 4.47 to 1 in NYSE & 4.52 to 1 in Nasdaq


Declining stocks led by 3.55 to 1 in NYSE & 4.15 to 1 in Nasdaq


Net new 52 wk lows were leading by 152 in NYSE & 155 in Nasdaq


VIX UP 11.25% @ 17.20


Oil @ $88.85


Gold @ $1212.40


AH ER YUM UP 1.31%


AH Futures UP


AH Asian Markets Down


AH Oil & Gold Down


About market, TAPE is making lower closing in all indices today.S&P 500 @ 9 weeks low.IMF has trimmed its Global growth outlook to 3.4% & 3.8% for 2014 / 2015, this is drop from 3.4% & 4.00% from previous 2014 / 2015. US economy is improving as per IMF. IMF also warned on frothiness in stock market, which is not a role for them to comment, but since Fed has done it , so why not IMF. Fed minutes to come out @ 2 PM which will show same policy of low rates to continue, this may give lift to markets which @ best may be an oversold bounce.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed