Thursday, January 20, 2022

Indices closed down .89% to 1.30%.....

 Indices closed down.

S&P 500 @ 4482.73, low 4477.95, high 4602.11

RSI @ 31.59

CMF @ -0.072

Internals were :

Down volume led by 3.35 to 1 in NYSE & 1.91 to 1 in Nasdaq

Declining stocks led by 2.75 to 1 in NYSE & 2.38 to 1 in Nasdaq

Net new lows were leading by 338 in NYSE & 652 in Nasdaq

VIX UP 7.30% @ 25.59

Oil @ $86.90

Gold @ $1842.60

Canadian $ @ .7534

Portfolio BTCC HST SNAP MGM NCLH RIOT UAL

Stocks which closed green included BTCC PLTR

XPEV FSLR SPWR JKS RUN NIO COIN SAVE

ROKU NVTA BIDU PINS LYFT MTCH PDD

JD ASML BABA EXPE FFIV SOFI ROKU

MA MS....

AH Futures Down

AH Asian markets Down

AH Oil & Gold Down

About market, TAPE was strong whole day but reversed completely and closed @ low of the day, reason possibly option expiry on Friday. RSI @ 31.59 is in deeply oversold territory and should be bought in your well researched stocks. Patience & conviction near lows is key to long term gains.

BLOG does NOT give buy or sell.

Saleem

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