Indices closed down .58% to .96%......

Indices closed near low of the day.

S&P 500 @ 2067.64, low 2063.52, high 2078.19

RSI @ 40.41

CMF @ -0.058

Internals were :

Down volume led by 3.37 to 1 in NYSE & 3.28 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk lows were leading by 453 in NYSE & 252 in Nasdaq

VIX UP 13.54% @ 15.60

Oil @ $47.39

Gold @ $1096.40

AH ER...BIDU Down 6.31%

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under tremendous pressure after Shanghai slumped 8.48%, but US indices held up reasonably well under the circumstances. European markets slumped around 2.5%. IF you compare against those numbers US markets almost avoided the rout.S&P 500 went below 200 DMA but managed to close above, Nasdaq closed below 50 DMA and Dow slumped deeper below 200 DMA. I expect indices to find support in US around today's low of the day. All eyes are on Shanghai tonight as regulators have promised support.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed