Wednesday, July 6, 2022

Indices closed UP .23% to .36%...NICE !!!

 Indices closed UP.

S&P 500 @ 3845.08, high 3870.91, low 3809.37

RSI @ 46.21

CMF @ 0.038

Internals were :

Down volume led by 2.28 to 1 in NYSE & .73 to 1 in Nasdaq

Declining stocks led by 1.52 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new lows were leading by 454 in NYSE & 181 in Nasdaq

VIX Down 2.94$ @ 26.73

Oil @ $98.53

Gold @ $1736.50

Canadian $ @ .6743

Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 1% or more included SOFI

AFRM HOOD MU BMBL

MRVL QRVO SWKS PFE

MSFT ENPH TER BYND

NVDA GOOG BROS....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed UP for a change but internals were weak. Market needs a major catalyst which is still missing, while it waits, it is going to be lackluster performance. Market remains tough to navigate for most participants, just show patience and conviction.

BLOG does NOT give buy or sell.

Saleem

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