Indices closed down.
S&P 500 @ 4700.58, low 4699.44, high 4797.70
RSI @ 49.81
CMF @ 0.033
Internals were :
Down volume led by 3.22 to 1 in NYSE & 3.62 to 1 in Nasdaq
Declining stocks led 4.32 to 1 in NYSE & 4.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 2 in NYSE & 275 in Nasdaq
VIX UP 16.68% @ 19.73...high 20.00
Oil @ $77.85
Gold @ $1825.10
Canadian $ @ .7297
Portfolio CNX HST MGM SNAP BTCC NCLH RIOT SU UAL
Stocks which closed green included
SU SOL
CCJ TECK X CNQ
CLF IBM PFE INTC TD
CVX BABA LNG....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in a freefall after Fed released its minutes, Fed wants to accelerate tapering and more interest rate hikes coming this year starting March. Interest rates jumped to its highest level in 6 months. Technology stocks took it on the chin, DOW did not fare much better. It was sell sell in most sectors. This was an overreaction to a known trend from Fed, just a little faster.
BLOG does NOT give buy or sell.
Saleem
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