Friday, June 10, 2022

Indices closed down 2.73% to 3.52%....

 Indices closed down sharply lower & @ low of the day. Hotter CPI data and rising yield was the reason for this major slump. Fed meeting & policy statement next Wednesday was also under focus.

S&P 500 @ 3900.86, low 3900.16, high 3974.39

RSI @ 38.17

CMF @ 0.085

Internals were :

Down volume led by 7.69 to 1 in NYSE & 3.55 to 1 in Nasdaq

Declining stocks led by 5.7 to 1 in NYSE & 4.02 to 1 in Nasdaq

Net new lows were leading by 456 in NYSE & 434 in Nasdaq

VIX UP 6.36% @ 27.75

Oil @ $120.67

Gold @ $1875.50

Canadian $ @ .7214

Stocks which closed green included

AG PAAS GOLD NEM AEM PDD

JD ELF JKS.....

In my portfolio Bought HST @ $18.76

Here is my portfolio weighting :

ARKK       29.59%

UAL         19.52%

MGM       18.42%

PLTR         8.70%

HST           7.86%

BTCC        7.41%

NCLH        6.24%

RIOT         1.13%

SOFI         1.13%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell

Saleem


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