Monday, March 7, 2022

Indices closed down 2.37% to 3.62%....

 Indices closed down

S&P 500 @ 4201.09, low 4199.95,high 4327.01

RSI @ 36.35

CMF @ 0.040

Internals were :

Down volume led by 2.79 to 1 in NYSE & 1.87 to 1 in Nasdaq

Declining stocks led by 3.62 to 1 in NYSE & 2.75 to 1 in Nasdaq

Net new lows were leading by 543 in NYSE & 728 in Nasdaq

VIX UP 13.98% @ 36.45...near 52 wk high...

Oil @ $119.40

Gold @ $1995.90

Canadian $ @ .7222

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which closed green included PLTR RIOT SOL

CNX SU NTR MOS FSLR SPWR AG CCJ CNQ AI 

RUN CSIQ JKS GOLD NEM CVX SEDG AEM SLB 

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was in a freefall and closed @ low of the day. We closed @ low of this bear market, but have not gone below low but awfully close. Any rally one must be skeptical as we may undercut previous low IF NOT NOW maybe later.

BLOG does NOT give buy or sell.

Saleem


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5 comments:

  1. Stocks100March 8, 2022 at 6:46 AM


    Hi Stocktrader,

    Sold SOL @ $6.47

    Added 25% MGM @ $36.90

    Saleem

    ReplyDelete
  2. stocktrader_1996March 8, 2022 at 7:28 AM

    Hi Saleem,

    Sold FDX @ 200.35 on recession risks

    Stocktrader

    ReplyDelete
  3. stocktrader_1996March 8, 2022 at 8:57 AM

    Hi Saleem,

    Good luck with re-positioning!

    Bought MNDY @ 137.93 on growth prospects and finally acceptable valuation

    Stocktrader

    ReplyDelete
  4. stocktrader_1996March 8, 2022 at 9:12 AM

    Hi Saleem,

    Added a little to BMEA @ 6.64 and ZENV @ 4.68 with spare cash

    Stocktrader

    ReplyDelete
  5. Stocks100March 8, 2022 at 9:51 AM

    Hi Stocktrader,

    Good luck with MNDY, BMEA, ZENV..

    Saleem

    ReplyDelete