Indices closed down
S&P 500 @ 4668.97, low 4667.60, high 4710.30
RSI @ 53.60
CMF @ -0.083
Internals were :
Down volume led by 3.15 to 1 in NYSE & 1.72 to 1 in Nasdaq
Declining stocks led by 2.30 to 1 in NYSE & 2.54 to 1 in Nasdaq
Net new 52 wk lows were leading by 63 in NYSE & 268 in Nasdaq
VIX UP 8.67% @ 20.31
Oil @ $71.29
Gold @ $1788.30
Canadian $ @ .7201
Portfolio CNX HST MGM SNAP NCLH UAL
Stocks which closed green included
SOL SPWR CSIQ JKS
NVTA PFE MRNA
NVAX KL CIEN
VICR FB AEM
CRUS SPLK.....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure and closed @ low of the day due to Britain facing first death from OMICRON. Delta & Omicron variant causing serious concern in Britain & many countries around the world, winter spike is spooking investors / traders. Fed meeting starts on Tuesday with policy statement @ 2 PM on Wednesday, many are handicapping for doubling of taper, I believe it will be more gradual.
BLOG does NOT give buy or sell.
Saleem
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