Indices closed down 1.27% to 2.06%......

Indices closed down.

S&P 500 @ 2768.78, low 2755.18, high 2806.04

RSI @ 36.06

CMF @ -0.243

Internals were :

Down volume led by 4.27 to 1 in NYSE & 2.56 to 1 in Nasdaq

Declining stocks led by 3.49 to 1 in NYSE & 3.26 to 1 in Nasdaq

Net new 52 wk lows were leading by 322 in NYSE & 134 in Nasdaq

VIX UP 15.29% @ 20.06

Oil @ $68.65

Gold @ $1230.10

AH news....PYPL UP 7.64%, LLNW Down 9.45%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was weak again but did not close @ low of the day, S&P 500 closed above 50 DMA after testing support and making higher lows, a good support point technically speaking. Lot was thrown @ this market Chinese economic weakness, Higher US interest rates, Italian issues with EU and Saudi Arabia reaction to Jamal Kashoggi, considering all that we may be OK for now market wise. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed