Indices closed mixed.
S&P 500 @ 4670.29, low 4682.24, high 4673.02
RSI @ 46.70
CMF @ 0.022
Internals were :
Down volume led by 1.60 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new lows were leading by 238 in NYSE & 653 in Nasdaq
VIX UP 3.41% @ 19.40, high 23.33
Oil @ $78.23
Gold @ $1798.80
Canadian $ @ .7318
Portfolio BTCC CNX HST MGM SNAP NCLH RIOT SU UAL
Stocks which closed green included CNX SNAP SU
SPWR CGC TLRY AG TECK SQ ARKK TSM ROKU
TWTR PAAS DASH PINS PFE INTC LYFT GOLD
NEM ZI CIEN CRWD ESTC UBER DDOG KBH
NVAX SEDG MRNA PHM NVDA TSLA SPLK
GOOG ORCL....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Tape was under severe selling again which violated 200 DMA support in key indices but by end of the day reversal took place and Nasdaq closed in green and closed above 200 DMA. Internals were negative but improved. Technology stocks displayed its previous buying power from its dedicated crowd. The only question is " was this an oversold bounce ".....
BLOG does NOT give buy or sell.
Saleem
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