In the Morning Market Stir for Wednesday August 6, Alan Knuckman discusses Tuesday’s action in which the S&P closed at 1,913, down 19 points. The VIX did not make new highs while the market made new relative lows. The DJ was down 120 to 16,366, and the NASDAQ lost 25 closing at 3,872. Overall it was roughly a -.9% decline across the board. Dollar strength continued closing at 81.61, Euro weakened more to 133.74. Bonds were steady up only 9 ticks, Crude dropped to 97.40, and Gold fell 4 dollars to 1,285. This morning, the indices are lower with the S&P at 1,905, the Dow at 16,315, and the Nasdaq at 3,846. Crude is up slightly at 97.65 and Gold is making a strong move, up 1.65% at 1306, reclaiming the $1,300 price level. The dollar is at 81.67 and bonds are up to 138.31.

More from Video

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

KPMG Chair & CEO: There's No One-Size-Fits All Approach to Diversity

KPMG Chair & CEO: There's No One-Size-Fits All Approach to Diversity

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter