Thursday, April 21, 2022

Indices closed down 1.05% to 2.07%.....

 Indices closed down.

S&P 500 @ 4393.66, low4384.47, high 4512.94

RSI @ 45.03

CMF @ 0.046

Internals were :

Down volume led by 5.17 to 1 in NYSE & 2.64 to 1 in Nasdaq

Declining stocks led by 4.27 to 1 in NYSE & 3.38 to 1 in Nasdaq

Net new lows were leading by 161 in NYSE & 377 in Nasdaq

VIX UP 11.61% @ 22.68

Oil @ $103.79

Gold @ $1948.20

Canadian $ @ .7472

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included HST UAL

JBLU AAL DAL IBM EAT TSLA DDD

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under severe selling pressure after opening strong, one comment from Fed chief of 50 basis increase sent entire stock market tumbling, there was even talk of 75 basis point increase since 2 weeks ago...go figure. Indices closed near low of the day. Internals were negative. Earnings reports from Technology stocks are causing more concern in terms of guidance & issues.

BLOG does NOT give buy or sell.

Saleem

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