Thursday, July 8, 2021

Indices closed down .72% to .86%.....

 Indices closed down.

S&P 500 @ 4320.82, low 4289.37, high 4330.88

RSI @ 61.26

CMF @ 0.282

Internals were :

Down volume led by 4.70 to 1 in NYSE & 1.43 to 1 in Nasdaq

Declining stocks led by 3.13 to 1 in NYSE & 1.98 to 1 in Nasdaq

Net new 52 wk high were leading by 54 in NYSE & lows by 74 in Nasdaq

VIX UP 17.28% @ 19.00

Oil @ $72.94

Gold @ $1800.20

Canadian $ @ .7462

Portfolio CNX HST MGM WEED XPEV NCLH RIOT UAL

Stocks which closed green included CNX HST

BB PLTR ACB M ROKU FUBO RIDE IBM 

GAN SNOW PENN MTCH NVAX KRA 

MRNA NKE BA TSLA AMZN DDD

OXY OSTK M.....

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was in a freefall with DOW slumping 536 area. Reason for all this 10 year yield trading @ 1.25%, too much of a good thing even for technology stocks, IF its too good to be true be afraid prevailed. Market was simply overbought thus this pullback. Internals were negative 4th day in a row.

BLOG does NOT give buy or sell.

Saleem

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