Indices closed down 1.55% to 1.90%.....

 Indices closed down.

S&P 500 @ 4567.00, low 4560.00, high 4646.02

RSI @ 42.59

CMF @ -0.048

Internals were :

Down volume led by 7.40 to 1 in NYSE & 2.18 to 1 in Nasdaq

Declining stocks led by 3.82 to 1 in NYSE & 2.40 to 1 in Nasdaq

Net new 52 wk lows were leading by 342 in NYSE & 577 in Nasdaq

VIX UP 18.42% @ 27.19

Oil @ $66.18

Gold @ $1776.50

Canadian $ @ .7206

Portfolio CNX HST MGM SNAP NCLH UAL

Stocks which closed green included

XPEV LI MSTR OFE 

NVAX HUYA......

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under pressure from open on comments by Moderna CEO that current vaccine may not be fully effective in treating OMICRON variant, then Fed Chief Powell drop the faster taper shoe, rest is a lousy close. Hopefully all the surprise is priced in.

BLOG does NOT give buy or sell.

Saleem