Indices closed down .24% to .77%.....

 Indices closed down.

S&P 500 @ 4223.70, low 4202.45, high 4251.89

RSI @ 55.44

CMF @ 0.029

Internals were :

Down volume led by 1.98 to 1 in NYSE & .91 to 1 in Nasdaq

Declining stocks led by 1.81 to 1 in NYSE & 1.24 to 1 in Nasdaq

Net new 52 wk highs were leading by 221 in NYSE & 97 in Nasdaq

VIX UP 6.64% @ 18.15

Oil @ $72.15

Gold @ $1861.40

Canadian $ @ .7832

Portfolio CNX HST MGM WEED NCLH SOL

 Stocks which were UP 1% or more included HST NCLH SOL

PLTR M VUZI TRIP FSLR RCL CCL FUBO SCHW DASH

RIDE RUN SPWR DOCU ZI SHOP CRWD ESTC DDOG

ENPH SEDG EAT BYND SPLK JWN OXY....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure after Fed statement revealed changes, Fed will adjust rates upwards twice in 2023 instead of 2024. Fed made changes to its inflation targets upwards and raised GDP growth forecast for 2021. Fed is also preparing market for further tapering sooner than later. These are game changer and will reflect in negative TAPE going forward in near term. 10 year rate jumped and will move UP further causing market and technology stocks to come under pressure.

BLOG does NOT give buy or sell.

Saleem