Monday, July 11, 2022

Indices closed down .52% to 2.26%....

 Indices closed down.

S&P 500 @ 3854.43, low 3847.22, high 3880.94

RSI @ 46.93

CMF @ 0.081

Internals were :

Down volume led by 4.60 to 1 in NYSE & 2.25 to 1 in Nasdaq

Declining stocks led by 2.41 to 1 in NYSE & 2.81 to 1 in Nasdaq

Net new lows were leading by 440 in NYSE & 153 in Nasdaq

VIX UP 6.21% @ 26.17

Oil @ $104.09

Gold @ $1731.70

Canadian $ @ .7016

Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL

Stocks which closed green included

IBM PLAN CNX MA V

ORCL MCD ULTA....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure from open to close. Indices closed near low of the day. Internals were negative. Losses were steep in most stocks. Chinese regulatory environment is getting stricter and close monitoring of Chinese companies data. Covid-19 outbreak and closing for 1 week of Macau played into negativity.

BLOG does NOT give buy or sell.

Saleem


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