Monday, August 29, 2022

Indices closed down .57% to 1.02%....

 Indices closed down.

S&P 500 @ 4030.61, low 4017.42, high 4062.99

RSI @ 41.91

CMF @ -0.001

Internals were :

Down volume led by 2.09 to 1 in NYSE & 1.38 to 1 in Nasdaq

Declining stocks led by 2.19 to 1 in NYSE & 2.20 to 1 in Nasdaq

Net new lows were leading by 132 in NYSE & 205 in Nasdaq

VIX UP 2.54% @ 26.21

Oil @ $97.01

Gold @ $1749.70

Canadian $ @ .6993

Portfolio ARKK LSPD PLTR JKS MGM SOL SOFI UAL XPEV

Stocks which closed green included JKS MGM

RIOT APA SU CNQ CVX OXY SLB CCJ GE

WYNN CSIQ KBH PDD NVAX BA NFLX

BROS OSTK ULTA CMG.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed lower but tried many times to get in green until Fed Governor Neil Kashkari made some hawkish statement pushing indices lower @ close. Internals were weak. Now it is all about " turnaround Tuesday " Hope is a rare commodity on Wall Street these days, It is so easy to talk bearish.

BLOG does NOT give buy or sell.

Saleem

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