Indices closed down.
S&P 500 @ 4115.68, low 4061.41, high 4116.93
RSI @ 47.63
CMF @ 0.028
Internals were :
Down volume led by 3.38 to 1 in NYSE & 1.32 to 1 in Nasdaq
Declining stocks led by 2.15 to 1 in NYSE & 1.7 to 1 in Nasdaq
Net new 52 wk high were leading by 11 in NYSE & lows by 21 in Nasdaq
VIX UP 3.94% @ 22.18
Oil @ $63.36
Gold @ $1881.30
Canadian $ @ .7908
Portfolio CNX AG HST MGM NIO PLTR SQ
Stocks which closed green included TSM PYPL MRVL
FSLR CSIQ JKS SPWR ENPH SEDG WYNN QCOM
QRVO SNAP MU INTC NXPI DADA ZI PLAN SHOP
MTCH PDD JD TER VICR LSCC BZUN FB LRCX
AMAT GOOG OLED .....
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was extremely weak then made a valiant effort to close near high of the day. All Indices tested 50 DMA and for now closed higher. Internals were mostly negative. Today's action was negative back to back which IS never a good thing. I have a feeling we will take out 50 DMA in near term. Recent TAPE does not give confidence of a healthy market on the contrary a very weak one.
BLOG does NOT give buy or sell.
Saleem
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