Friday, February 18, 2022

Indices closed down .68% to 1.23%.....

 Indices closed down near low of the day while Nasdaq closed after creating " death cross "Market action was extremely bearish while there sellers on any news even good earnings report being punished like NVDA.

S&P 500 @ 4348.87, low 4327.22, high 4394.60

RSI @ 38.35

CMF @ 0.162

Internals were :

Down volume led by 2.03 to 1 in NYSE & 2.80 to 1 in Nasdaq

Declining stocks led by 1.84 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new lows were leading by 220 in NYSE & 424 in Nasdaq

VIX Down 1.21% @ 27.75

Oil @ $91.07

Gold @ $1899.80

Canadian $ @ .7247

Stocks which closed green included

SLI TJX M QCOM QRVO SWKS

AMD TOL EAT DHI PHM FFIV

NFLX LTHM JWN LNG JKS

LVS ULTA NKE CMG.....

Here is my portfolio weighting ;

HST       25.19%

UAL      20.09

MGM   12.30%

PLTR  10.38%

BTCC    9.26%

NCLH   8.98%

CNX     7.46%

RIOT    3.20%

SOL     3.14%

Next post on Monday around 6 PM, US & Canadian Markets are closed on Monday.

BLOG does NOT give buy or sell.

Saleem


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