Thursday, September 29, 2022

Indices closed down 1.54% to 2.84%....

 Indices closed down.

S&P 500 @ 3640.47, low 3610.40, high 3687.01

RSI @ 30.97

CMF @ 0.068

Internals were :

Down volume led by 6.54 to 1 in NYSE & 5.29 to 1 in Nasdaq

Declining stocks led by 5.02 to 1 in NYSE & 3.07 to 1 in Nasdaq

Net new lows were leading by 1177 in NYSE & 741 in Nasdaq

VIX UP 5.50% @ 31.84

Oil @ $81.23

Gold @ $1668.60

Canadian $ @ .6216

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included PLTR

APA TECK FCX PAAS AEM GOLD

CNQ OXY SLB LNG V....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was weak again and closed lower. Yield was UP again and hawkish statement by Fed official put the fear of " pain " back in the psyche of traders / Investors. Internals were weak. Very few stocks made it in the green by close.

BLOG does NOT give buy or sell.

Saleem

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