Indices closed down.
S&P 500 @ 4481.16, low 4450.04, high 4503.94
RSI @ 51.03
CMF @ 0.333
Internals were :
Down volume led by 1.97 to 1 in NYSE & 2.91 to 1 in Nasdaq
Declining stocks led by 2.76 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new lows were leading by 310 in NYSE & 251 in Nasdaq
VIX UP 5.09% @ 22.10
Oil @ $96.23
Gold @ $1923.10
Canadian $ @ .7495
Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL
Stocks which closed green included
CNX CTRA MOS AG IBM
PFE CVX MCD OXY SLB
LNG TLRY....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under tremendous selling pressure due to Faster tapering and hikes in Fed funds rate, 2, 10 & 30 year rates are flying UP out of control affecting consumers and corporate world. There is a foregone conclusion that Fed has to be very aggressive in raising rates and removing liquidity from system which will push stock market further lower. Most key indices are on the verge of going below 50 DMA or already done so like S&P 500 below and Nasdaq ready to tip under.
BLOG does NOT give buy or sell.
Saleem
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