Indices closed down.
S&P 500 @ 3666.77, low 3639.77, high 3728.18
RSI @ 31.14
CMF @ -0.008
Internals were :
Down volume led by 15.97 to 1 in NYSE & 3.18 to 1 in Nasdaq
Declining stocks led by 7.58 to 1 in NYSE & 4.50 to 1 in Nasdaq
Net new lows were leading by 461 in NYSE & 1128 in Nasdaq
VIX UP 11.24% @ 32.95
Oil @ $117.58
Gold @ $1849.90
Canadian $ @ .7072
Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL
Stocks which closed green included
PAAS GOLD NEM
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE went into bearish mode again as world Central banks lifted their interest rates to fight inflation. Internals were negative. We need a positive close on Friday and hopefully we may get it. Stay the course, end of this bear market may be @ hand.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Good luck with more bitcoin exposure!
AAII reported another unbelievably bearish sentiment reading - still contrarian to me :)
Oil down $7 is helping the future inflation picture today if it can sustain.
Have a great long weekend!
Stocktrader
Hi Stocktrader,
Thanks for your feedback on AAII reading which everyone feels it, YES great contrary & reliable indicator.
Enjoy your long weekend!
Saleem
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