Monday, May 9, 2022

Indices closed down 1.99% to 4.29%....

 Indices closed down.

S&P 500 @ 3991.24, low 3975.48, high 4081.27

RSI @ 33.42

CMF @ -0.156

Internals were :

Down volume led by 11.38 to 1 in NYSE & 5.21 to 1 in Nasdaq

Declining stocks led by 7.18 to 1 in NYSE & 5.51 to 1 in Nasdaq

Net new lows were leading by 459 in NYSE & 1674 in Nasdaq

VIX UP 15.10% @ 34.75

Oil @ $103.09

Gold @ $1858.60

Canadian $ @ .7032

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included

KBH UPS MRNA....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was extremely weak on no news but by its own negative momentum. Internals were extremely negative specially in Nasdaq where there was a wholesale rout in everything technology, intensity which I have not witnessed in my 6 decade of exposure. Market breached all its support and is in a very negative picture. Even mighty oil & gas stocks were looking extremely weak.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold LITE @ 86.88 as a source of funds

Added to GTLB @ 34.12
Added to BMBL @ 18.15
Added to PATH @ 15.09
Added to SNAP @ 22.30
Added to LYFT @ 18.35

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with All the additional shares in 5 stocks.

Saleem