Indices closed down.
S&P 500 @ 4363.49, low 4345.56, high 4416.78
RSI @ 45.54
CMF @ 0.039
Internals were :
Down volume led by 1.47 to 1 in NYSE & 2.15 to 1 in Nasdaq
Declining stocks led by 1.48 to 1 in NYSE & 2.12 to 1 in Nasdaq
Net new lows were leading by 84 in NYSE & 258 in Nasdaq
VIX UP .85% @ 30.48
Oil @ $107.67
Gold @ $1935.90
Canadian $ @ .7321
Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL
Stocks which closed green included CNX APA NTR
MOS TECK X FCX CLF AI IBM GOLD NEM
PLAN CVX BYND SPLK....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE lived up to its reputation of being most difficult since 2007 peak. Extremely difficult to have any strategy these days as selling is also going on in rotation. Someday Technology looks strong only to slump next day, some day restart stocks looks strong only to slump next day, same with financials which is staying weak. Only sector which seems to have good momentum is base metals.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Made small adds to BMBL VERI GLBE UPST ENPH to get a little more exposure
Sitting at 16.3% cash now.
Stocktrader
Hi Saleem,
Bought FDX @ 213.45 to increase exposure
I think with futures down last night, we may have seen what the "worst" could be, and additionally know today that Putin is not playing for worst-case scenarios, so I think this might be a solid bottom area barring unexpected further events.
Stocktrader
Hi Saleem,
Bought SNAP @ 33.87
Back to one of my long term favorites on this dip despite it not having the re-opening characteristics for which I was generally looking.
I have no cash now.
Stocktrader
Hi Stocktrader,
Good luck with FDX & SNAP....
Good luck with 5 add on...
Putin or not, market does not look good.....
Saleem
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