Friday, September 2, 2022

Indices closed down 1.07% to 1.31%....

 Indices closed down despite a much desired " not too hot not too cold " jobs report. Indices rallied nicely initially but made a complete reversal on gas shutdown of Germany by Russia. Indices closed near low of the day.

S&P 500 @ 3924.26, low 3906.21, high 4018.43

RSI @ 35.23

CMF @ -0.123

Internals were :

Down volume led by 1.59 to 1 in NYSE & 2.07 to 1 in Nasdaq

Declining stocks led by 1.35 to 1 in NYSE & 1.65 to 1 in Nasdaq

Net new lows were leading by 126 in NYSE & 177 in Nasdaq

VIX Down .35% @ 25.47

Oil @ $86.87

Gold @ $1722.60

Canadian $ @ .6906

Stocks which closed green included MGM UAL

APA SU CNQ CVX SLB LNG NTR MOS

LULU AG CCJ TECK X PAAS CLF 

PENN NEM TD PDD AEM CMG....

Here is my portfolio weighting :

ARKK        31.10%

MGM        19.78%

UAL          17.39%

LSPD        10.69%

PLTR           8.10%

SOFI           6.91%

SOL            4.19%

XPEV         1.84%

Next post by 6 PM on Monday....US & Canadian markets are closed on Monday, while most Asian markets are open on Monday.

BLOG does NOT give buy or sell.

Saleem 

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