Wednesday, June 1, 2022

Indices closed down .54% to .75%.....

 Indices closed down.

S&P 500 @ 4101.23, low 4073.85, high 4166.54

RSI @ 50.04

CMF @ 0.104

Internals were :

Down volume led by 2.07 to 1 in NYSE & 1.97 to 1 in Nasdaq

Declining stocks led by 1.64 to 1 in NYSE & 1.90 to 1 in Nasdaq

Net new lows were leading by 460 in NYSE & 159 in Nasdaq

VIX Down 1.91% @ 25.69

Oil @ $115.26

Gold @ $1843.70

Canadian $ @ .7326

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which closed green included

HST CNX APA SU CNQ OXY SLB LNG

AG TECK FCX CLF CRM BIDU IBM

MSFT ZI CIEN MTCH NTAP DDOG

LITE AMZN BROS.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

 AH Gold UP

About market, TAPE closed down after being all over the map, Jamie Dimon can take full credit for today's reversal as he was vocally bearish about US economy, in a very jittery market when so-called bulls turn bearish there is a shock / surprise element. Near bottom a bear market is very reactive like today BUT we shall recover.

BLOG does NOT give buy or sell.

Saleem

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