Indices closed down 1.10% to 1.82%......

Indices closed lower.

S&P 500 @ 1853.44, low 1828.46, high 1873.25

RSI @ 37.07

CMF @ 0.116

Internals were :

Down volume led by 4.14 to 1 in NYSE & 3.65 to 1 in Nasdaq

Declining stocks led by 4.01 to 1 in NYSE & 2.52 to 1 in Nasdaq

Net new 52 wk lows were leading by 404 in NYSE & 525 in Nasdaq

VIX UP 11.21% @ 26.00

Oil @ $29.69


Gold @ $1197.90

AH ER .....GPS UP 3.25%

AH Futures Down 

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, bearish TAPE continues, IBD tonight has changed its market outlook to " market in correction ". Everyone is getting extremely bearish which tells me that we may not be far from a "major reversal ". IF you subscribe to this theory, then it is important to be in stocks with good earnings. Wednesday Janet Yellen may tone down her interest hike focus in her testimony, this may trigger much needed turnaround in equities, till then show conviction.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed