Tuesday, May 24, 2022

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3941.48, low 3875.13, high 3955.68

RSI @ 39.33

CMF @ 0.047

Internals were :

Down volume led by 1.75 to 1 in NYSE & 3.97 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 2.40 to 1 in Nasdaq

Net new lows were leading by 461 in NYSE & 495 in Nasdaq

VIX UP 3.41% @ 29.45

Oil @ $109.77

Gold @ $1865.40

Canadian $ @ .7155

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 1% or more included 

CNX VUZI IBM PFE GOLD NEM

ZM MCD AEM CSIQ SU TECK.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under major selling from open thanks to SNAP which brought heavy selling in Nasdaq, by close only DOW mustered a green close. YES this market does not like negative surprise even from a smaller company like SNAP and reflects it into all related companies. This market is testing nerves of best traders and investors but stay the course as treasury yields are showing moderation.

BLOG does NOT give buy or sell.

Saleem

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