Tuesday, March 1, 2022

Indices closed down 1.55% to 1.76%....

 Indices closed down.

S&P 500 @ 4306.26, low 4279.54, high 4378.45

RSI @ 40.81

CMF @ 0.115

Internals were :

Down volume led by 2.09 to 1 in NYSE & 1.97 to 1 in Nasdaq

Declining stocks led by 1.56 to 1 in NYSE & 1.81 to 1 in Nasdaq

Net new lows were leading by 62 in NYSE & 156 in Nasdaq

VIX UP 10.51% @ 33.32

Oil @ $103.41

Gold @ $1943.80

Canadian $ @ .7287

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which were UP 2% or more included BTCC PLTR SOL

CNX APA AG PAAS TECK COIN FCX CLF MSTR BIDU

RUN CSIQ JKS GOLD AEM NEM ENPH JD CVX 

OXY ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under pressure again due to expanding sanctions against Russian businesses and interest. This market is getting more challenged due to Russian invasion and its implication felt worldwide. There is potential interest hike of 25 basis from Canadian Central Bank to contain out of control inflation around 10 AM. Fed testimony may be more important based on current environment.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold ZIP @ 21.33 avg to take profits and on slowing growth

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with new pick...

Saleem