Indices closed down.
S&P 500 @ 4137.99, low 4129.86, high 4195.08
RSI @ 51.08
CMF @ 9.154
Internals were :
Down volume led by 5.13 to 1 in NYSE & 3.45 to 1 in Nasdaq
Declining stocks led by 5.15 to 1 in NYSE & 3.47 to 1 in Nasdaq
Net new lows were leading by 442 in NYSE & 153 in Nasdaq
VIX UP 15.5% @ 23.80
Oil @ $90.36
Gold @ $1748.40
Canadian $ @ .6957
In my portfolio Added 33% SOL @ $6.17
Portfolio ARKK LSPD PLTR MGM NCLH SOL SOFI UAL XPEV
Stocks which closed green included
CNX APA NTR MOS CCJ TECK
BIDU CSIQ NEM PLAN PDD
JD AEM BABA....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure due to rising yield and fear of Fed raising rates beyond need to contain inflation. Most sectors took it on the chin. VIX shot up also & internals were negative. Looks like we are oversold enough to make a " turnaround Tuesday " a high probability.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold COUP @ 61.38 ahead of earnings
I considered this sale a few weeks ago and it would have been much better then. That said, European exposure could really put guidance on ice so I'll move to another name for now.
Bought ENVX @ 21.39 on emerging battery technology and good chart
Stocktrader
Hi Stocktrader,
Good luck with ENVX, they are very popular with Solar installation.
Saleem
Hi Saleem,
Trimmed a little UPWK @ 17.38 as I think employment stocks might lag here
Added to IONQ @ 6.53
Added to LYFT @ 15.50
Stocktrader
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