Indices closed down .64% to .72%.....

 Indices closed down.

S&P 500 @ 4361.19, low 4360.59, high 4415.88

RSI @ 45.08

CMF @ -0.187

Internals were :

Down volume led by 1.59 to 1 in NYSE & .94 to 1 in Nasdaq

Declining stocks led by 1.38 to 1 in NYSE & 1.68 to 1 in Nasdaq

Net new 52 wk high were leading by 106 in NYSE & lows by 63 in Nasdaq

VIX UP 6.55% @ 20.00

Oil @ $80.52

Gold @ $1755.70

Canadian $ @ .7520

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 1% or more included RIOT SOL

SU CNQ SLB LNG CCJ TECK FCX CLF MSTR

RUN SPWR JKS ENPH DSEDG DKNG PANW 

ESTC DDOG EAT AMAT BABA LVS....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE did a reversal to the down side and closed @ low of the day, not a good technical indicator for US market. Market firmly believe Fed has lost the battle for inflation and is way behind in its policy to contain inflation. I do not have good feeling for October in terms of market direction, it is downhill. Oil prices are scaring everyone with $80+ oil prices as it impacts inflation in a big way.

BLOG does NOT give buy or sell.

Saleem