Wednesday, August 31, 2022

Indices closed down .56% to .88%.....

 Indices closed down.

S&P 500 @ 3955.00, low 3954.53, high 4018.37

RSI @ 36.77

CMF @ -0.088

Internals were :

Down volume led by 2.30 to 1 in NYSE & 1.05 to 1 in Nasdaq

Declining stocks led by 2.44 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new lows were leading by 103 in NYSE & 203 in Nasdaq

VIX Down 1.30% @ 25.87

Oil @ $89.55

Gold @ $1726.20

Canadian $ @ .6906

In my portfolio :

SOLD JKS @ $61.10

Added 600% SOFI @ $5.97

Portfolio ARKK LSPD PLTR SOL MGM SOFI UAL XPEV

Stocks which closed green included SOFI XPEV JKS

SHOP TIOT CNX SNAP FSLR CSIQ ENPH RUN

NIO PYPL MU TECK TSM ROKU WYNN LVS

LAC BIDU PINS DDOG PDD JD META BABA

NFLX MS ULTA....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE closed @ low of the day as yield went up. We have breached key technical level of 50 DMA in S&P 500 which is most broadly watched index. I guess Quantitative Tightening by Fed is getting its result of " pain " through stock market to eliminate wealth effect.

BLOG does NOT give buy or sell.

Saleem

1 comment:

Stocks100 said...


Hi Stocktrader,

Added 10% SOL @ $5.64

Saleem