Indices closed down
S&P 500 @ 4532.76, 4530.20, high 4611.55
RSI @ 34.92
CMF @ 0.034
Internals were :
Down volume led by 2.31 to 1 in NYSE & 2.07 to 1 in Nasdaq
Declining stocks led by 2.06 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new lows were leading by 364 in NYSE & 742 in Nasdaq
VIX UP 4.65% @ 23.85
Oil @ $86.96
Gold @ $1843.20
Canadian $ @ .7494
In my portfolio :
Bought MGM @ $42.80
Added 20% BTCC.TO @ $8.53
Portfolio HST BTCC SNAP MGM NCLH RIOT UAL
Stocks which closed green included AFRM AG CCJ
TECK M BMBL PAAS CNQ DASH BIDU GOLD
MSFT PANW PENN NEM KL MTCH CRWD
PDD FB AEM SPLK NFLX SOFI JKS LVS
TWTR SLI MS TOU.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE scared lot of traders by opening higher & closing @ low of the day, but we needed another day like this to flush out more bulls. There are lot of indicators which IS telling me that we have just about completed this correction. VIX was tame considering, Internals were not extreme, many stocks seems to have found support. Do not be surprised IF we close UP on Thursday.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Good luck with MGM and more BTCC!
The selling has been relentless - hopefully abates soon...
Stocktrader
Hi Saleem,
Sentiment has gotten extreme...
https://www.aaii.com/sentimentsurvey
Stocktrader
Hi Stocktrader,
In my BLOG last night
I gave my factual reasons
for a rally / positive close
for today....not isoteric reasons...
Saleem
Hi Saleem,
It definitely feels like bottoms are trying to be formed...
Sold ESTC @ 89.09 as profitability remains elusive
Added to PINS @ 32.67
Added to VERI @ 17.24
Added to UPST @ 112.14
Added to CXM @ 12.13
Stocktrader
Hi Stocktrader,
Good luck with more PINS, VERI, UPST & CXM
Saleem
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