Tuesday, March 23, 2021

Indices closed down .76% to 1.12%....

 Indices closed down.

S&P 500 @ 3910.52, low 3901.57, high 3949.13

RSI @ 52.04

CMF @ -0.046

Internals were :

Down volume led by 5.82 to 1 in NYSE & 2.78 to 1 in Nasdaq

Declining stocks led by 3.42 to 1 in NYSE & 6.63 to 1 in Nasdaq

Net new 52 wk lows were leading by 36 in NYSE & 172 in Nasdaq

VIX UP 7.52% @ 20.30

Oil @ $57.76

Gold @ $1725.10

Canadian $ @ .7467

In my portfolio Sold NVTA @ $40.89

Portfolio AAPL HST NIO SQ SU TSM

Stocks which closed green included CPNG MSFT PANW 

DADA DOCU ZI SHOP ZM IQ LULU AMZN BABA

GOOG NFLX NTNX ORCL CMG...

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure and closed near low of the day. Most stocks were overextended that is why such a across the board pullback today. Internals have gone into negative and were extremely weak. Tone of the market has changed and has shifted into reality instead of this sector UP or that sector DOWN, its never that simple.

BLOG does NOT give buy or sell.

Saleem

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