Tuesday, July 26, 2022

Indices closed down .71% to 1.87%.....

 Indices closed down.

S&P 500 @ 3921.05, low 3910.74, high 3953.22

RSI @ 51.87

CMF @ 0.239

Internals were :

Down volume led by 2.28 to 1 in NYSE & 1.92 to 1 in Nasdaq

Declining stocks led by 1.73 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new lows were leading by 449 in NYSE & 121 in Nasdaq

VIX UP 5.69% @ 24.69

Oil @ $94.98

Gold @ $$1717.70

Canadian $ @ .7107

Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 1% or more included

CNX AG PAAS GOLD NEM AEM PFE

NVAX LITE VICR MCD FFIV LNG....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure which accelerated into close, Indices closed near low of the day. After hours earnings from GOOG TXN CMG were greeted with relief and were UP in late trading. It IS all about 2 PM announcement by Fed about its policy statement and rate hike, there may be something positive for bulls...

BLOG does NOT give buy or sell.

Saleem


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