Friday, August 26, 2022

Indices closed down 3.03% to 3.94%...

 Indices closed down when Fed chief uttered the word " pain " for all participant in US economy. We closed @ absolute low of the day. 

S&P 500 @ 4057.66, low 4057.66, high 4203.04

RSI @ 43.89

CMF @ 0.015

Internals were :

Down volume led by 11.12 to 1 in NYSE & 4.58 to 1 in Nasdaq

Declining stocks led by 6.50 to 1 in NYSE & 4.63 to 1 in Nasdaq

Net new lows were leading by 437 in NYSE & 135 in Nasdaq

VIX UP 17.35% @ 25.56

Oil @ $93.66

Gold @ $1749.80

Canadian $ @ .6989

Stocks which closed green included JKS FSLR

In my portfolio Added 20% SOL @ $6.40

Here is my portfolio weighting :

ARKK      31.00%

MGM       19.09%

UAL         17.01%

LSPD      11.04%

PLTR       8.21%

JKS         6.18%

SOL        4.54%

XPEV     1.96%

SOFI       .97%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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