Friday, April 22, 2022

Indices closed down 2.55% to 2.82%.....

 Indices closed down as key indices breached support level, We closed near low of the day. Interest rate hikes are the talk of the world, Canada is bracing for 75 basis in May while US 50 basis. It is a race for highest rates @ the fastest pace.

S&P 500 @ 4271.78, low 4267.62, high 4385.93

RSI @ 36.92

CMF @ -0.048

Internals were :

Down volume led by 9.39 to 1 in NYSE & 2.97 to 1 in Nasdaq

Declining stocks led by 5.70 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new lows were leading by 579 in NYSE & 592 in Nasdaq

VIX UP 24.38% @ 28.21

Oil @ $102.07

Gold @ $1934.30

Canadian $ @ .7281

Stocks which closed green included UAL

SNAP XPEV SAVE TWTR JD SLB

BABA....

Here is my portfolio weighting :

HST       26.37%

UAL      21.21%

MGM   20.70%

PLTR   10.96%

BTCC     8.86%

NCLH    8.71%

RIOT     2.15%

SOFI       .59%

SOL        .45%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

No comments: