Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2884.43, low 2862.08, high 2889.45

RSI @ 44.12

CMF @ -0.084

Internals were :

Down volume led by .50 to 1 in NYSE & 1.65 to 1 in Nasdaq

Declining stocks led by 1.07 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk lows were leading by 358 in NYSE & 180 in Nasdaq

VIX UP 5.87% @ 15.69

Oil @ $74.29

Gold @ $1188.60

AH news...PZZA UP 8.29%, YNDX Down 4.62%

                  PPG Down 9.21%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure again due to Chinese economic weakness and 10 yr yield remaining high. TAPE did erase most of the losses by close, only Dow closed green. We may need another test of support in all indices. Revamping portfolio to reflect stronger stocks may not be a bad idea.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed