Indices closed down.
S&P 500 @ 3935.18, low 3928.82, high 4049.09
RSI @ 31.64
CMF @ -0.146
Internals were :
Down volume led by 2.38 to 1 in NYSE & 4.26 to 1 in Nasdaq
Declining stocks led by 2.16 to 1 in NYSE & 3.62 to 1 in Nasdaq
Net new lows were leading by 461 in NYSE & 1599 in Nasdaq
VIX Down 1.30% @ 32.56
Oil @ $104.68
Gold @ $1853.70
Canadian $ @ .7052
In my portfolio...
Sold SOL @ $3.88
Added 50% SOFI @ $5.35
Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL
Stocks which closed green included SOFI
APA SU CVX OXY SLB LNG NTR
MOS LI TECK TRIP SCHW IBM
NEM TD XLE EXPE MA V....
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE has reached a deeply oversold condition with very little room left for downside, this is based on RSI read for many decades, when stocks trades in 20s RSI we are almost done with last sellers. VIX was actually down today in this relentless selling, another signal that this selling is just about over, plus everyone is extremely afraid of this bear market, another reliable sentiment / contrary indicator......
BLOG does NOT give buy or sell.
Saleem
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