Friday, March 4, 2022

Indices closed down .53% to 1.66%.....

 Indices closed lower despite way better than expected jobs report. Bear market action continues while war rages on in Ukraine, We have a long way to go before we see a real reversal, maybe after Fed decision to raise rates....but you can never tell in a bear market for all one day wonder rallies.

S&P 500 @ 4328.87, 4284.98, high 4342.12

RSI @ 43.34

CNF @ 0.108

Internals were :

Down volume led by 1.78 to 1 in NYSE & 2.41 to 1 in Nasdaq

Declining stocks led by 2.12 to 1 in NYSE & 2.72 to 1 in Nasdaq

Net new lows were leading by 263 in NYSE & 475 in Nasdaq

VIX UP 4.92% @ 31.98

Oil @ $115.68

Gold @ $1966.60

Canadian $ @ .7235

Stocks which closed green included

CNX APA NTR MOS AG PAAS TECK X

CNQ FCX CLF CSIQ GOLD NEM CVX

AEM SPLK OXY SLB LNG FSLR CSIQ IBM....

Here is my portfolio weighting

HST      25.32%

MGM   19.59%

UAL     17.31%

PLTR  11.48%

BTCC 10.17%

NCLH  8.20%

SOL     4.80%

RIOT  3.13%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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