Wednesday, August 17, 2022

Indices closed down .50% to 1.25%.....

 Indices closed down.

S&P 500 @ 4274.04, low 4253.08, high 4302.18

RSI @ 68.41

CMF @ 0.253

Internals were :

Down volume led by 4.14 to 1 in NYSE & 2.19 to 1 in Nasdaq

Declining stocks led by 4.04 to 1 in NYSE & 3.03 to 1 in Nasdaq

Net new lows were leading by 443 in NYSE & 23 in Nasdaq

VIX UP 1.07% @ 19.90

Oil @ $88.11

Gold @ $1776.70

Canadian $ @ .7065

Portfolio ARKK HST LSPD PLTR BTCC MGM NCLH RIOT SOFI UAL

Stocks which were green @ close included

APA SU TJX AAPL IBM

MCD PLAN ENPH CVX

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure after overbought condition. Internals were Negative. VIX is not impressed with this 1 day selling which resulted in 1% UP move. Market is showing most of its bullish attribute by NOT closing @ or near low of the day.

BLOG does NOT give buy or sell.

Saleem

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