Indices closed mixed.
S&P 500 @ 4349.93, low 4304.80, high 4453.23
RSI @ 25.49
CMF @ -0.125
Internals were :
Down volume led by 1.96 to 1 in NYSE & 1.69 to 1 in Nasdaq
Declining stocks led by 2.13 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new lows were leading by 279 in NYSE & 318 in Nasdaq
VIX UP 2.57% @ 31.96
Oil @ $87.35
Gold @ $1829.70
Canadian $ @ .7399
Portfolio HST BTCC SNAP MGM NCLH RIOT UAL
Stocks which were UP 1% or more included NCLH
SLI AMAT AFRM MGA MU BMBL RCL SWKS
SCHW DKNG CSIQ INTC MSFT NXPI CRWD
DDOG NVAX MRNA TER NVDA TSLA LRCX
EXPE GOOG SLB JKS MA MS MGA V....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE continued its weak close, a sign of bear market in making. I have a feel that this bear TAPE is no different than any bear market I have faced in last 5 decades, some last much longer than others, be prepared. I started investing @ the peak when DOW crossed 1000 for the first time, it was a straight down for many many years, changed country during that time from USA to Canada, finally it was over to 1987 euphoria then dropped 27% in one day, so please read bear market history, it may change most of your understanding about pain & suffering. I am only 50% invested for many weeks based on my feel of what is coming.
BLOG does NOT give buy or sell.
Saleem
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