Indices closed down.
S&P 500 @ 3749.63, low 3734.30, high 3838.15
RSI @ 32.10
CMF @ 0.007
Internals were :
Down volume led by 43.22 to 1 in NYSE & 5.67 to 1 in Nasdaq
Declining stocks led by 16.62 to 1 in NYSE & 7.07 to 1 in Nasdaq
Net new lows were leading by 468 in NYSE & 1104 in Nasdaq
VIX UP 22.59% @ 34.02
Oil @ $120.93
Gold @ $1831.80
Canadian $ @ .7143
Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL
Stock which closed green MCD
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under tremendous selling pressure from Friday's CPI hangover plus new lockdown in China, IF that was not enough all Crypto currencies were taken down sharply to the tune of 25% due to liquidity issues, all support were taken out in all aspect of US market. IF we look @ internals, It IS clearly showing a " complete washout " which means we are very very close to end of this selling, a technical bounce is imminent.
BLOG does NOT give buy or sell.
Saleem
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