Tuesday, August 30, 2022

Indices closed down .96% to 1.12%....

 Indices closed down.

S&P 500 @ 3986.15, low 3965.21, high 4044.98

RSI @ 38.82

CMF @ 0.010

Internals were :

Down volume led by 4.14 to 1 in NYSE & 2.46 to 1 in Nasdaq

Declining stocks led by 4.27 to 1 in NYSE & 2.42 to 1 in Nasdaq

Net new lows were leading by 178 in NYSE & 242 in Nasdaq

VIX unchanged @ 26.21

Oil @ $91.64

Gold @ $1736.30

Canadian $ @ .6909

Portfolio ARKK LSPD PLTR JKS MGM SOL SOFI UAL XPEV

Stocks which closed green included

FSLR ENPH NIO HOOD CCJ

SQ COIN JBLU SCHW DASH

PANW GOOS DOCU ZI ZM

CRWD ESTC PDD ELF 

TWLO NTNX OSTK.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE again closed down on continued jitters about Fed and its Hawkish decision. We have reached deeply oversold conditions with RSI in 38 in S&P 500 which is defined as buying area. Internals were negative. 

BLOG does NOT give buy or sell.

Saleem


2 comments:

Stocks100 said...


Hi Stocktrader,

Sold JKS @ $61.10

Added 600% SOFI @ $5.97

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with much more SOFI! The market gyrations are hard to judge so adding to key ideas on dips is the only way to go :)

Stocktrader