Wednesday, June 8, 2022

Indices closed down .73% to 1.08%...

 Indices closed down.

S&P 500 @ 4115.77, low 4107.20, high 4160.14

RSI @ 50.30

CMF @ 0.146

Internals were :

Down volume led by 2.70 to 1 in NYSE & 1.08 to 1 in Nasdaq

Declining stocks led by 2.78 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new lows were leading by 452 in NYSE & 69 in Nasdaq

VIX Down .25% @ 23.96

Oil @ $122.11

Gold @ $1856.50

Canadian $ @ .7475

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which closed green included ARKK PLTR

XPEV NIO LULU CCJ CRM ROKU WYNN

LVS DKNG AI DASH BIDU PINS SNOW 

LYFT UBER SHOP CRWD ESTC PDD

JD BABA NKE JWN SLB NFLX 

OSTK ULTA.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed down due to rising yield. Bearish action continues with no follow thru to any gains. Market is waiting for CPI numbers which may be better than feared for but without confirmation, it is wait and see. Stay the course until it confirms your patience & conviction.

BLOG does NOT give buy or sell.

Saleem

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