Tuesday, August 9, 2022

Indices closed down .18% to 1.19%....

 Indices closed down.

S&P 500 @ 4122.47, low 4112.09, high 4137.30

RSI @ 61.58

CMF @ 0.299

Internals were :

Down volume led by 1.37 to 1 in NYSE & 3.20 to 1 in Nasdaq

Declining stocks led by 1.91 to 1 in NYSE & 2.41 to 1 in Nasdaq

Net new lows were leading by 433 in NYSE & 48 in Nasdaq

VIX UP 2.25% @ 21.77

Oil @ $90.50

Gold @ $1812.30

Canadian $ @ .7118

In my portfolio Bought LSPD @ $21.45

Portfolio ARKK HST LSPD PLTR BTCC MGM NCLH RIOT SOFI UAL

Stocks which closed green included HST

JKA FSLR SPWR CSIQ ENPH SEDG

CNX APA CVX OXY LNG NTR MOS

X CLF GOLD NEM MCD CMG ....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE closed down on fear of CPI reading @ 830 AM, I expect this inflation report to be better than expected which means inflation has peaked already, thus a rally in market. Internals were weak. AH earnings were below expectations.

BLOG does NOT give buy or sell.

Saleem

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