Tuesday, August 16, 2022

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4305.20, high 4325.28, low 4277.77

RSI 73.03

CMF @ 0.280

Internals were :

UP volume led by 1.70 to 1 in NYSE & .83 to 1 in Nasdaq

Advancing stocks led by 1.22 to 1 in NYSE & .83 to 1 in Nasdaq

Net new lows were leading by 446 in NYSE & highs by 31 in Nasdaq

VIX Down 1.35% @ 19.69

Oil @ $86.53

Gold @ $1789.70

Canadian $ @ .7123

Portfolio ARKK HST LSPD PLTR BTCC MGM NCLH RIOT SOFI UAL

Stocks which were UP 1% or more included HST MGM NCLH UAL

SNAP NTR MOS AFRM TJX CCJ GE TECK M X RCL CCL AAL

SCHW FCX CLF IBM TD BMO NVAX NKE AMZN EXPE JWN

LNG RH OSTK CMG....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was mixed @ close as Nasdaq rested while S&P 500 & DOW kept making higher highs. Internals were mixed. Most stocks are trying to catch their breadth. RSI @ 73 which normally is overbought BUT its NOT the case now as It IS a rotating market. Not all stocks are overbought but far from it.

BLOG does NOT give buy or sell.

Saleem

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