Friday, September 23, 2022

Indices closed down 1.62% to 1.80%...

 Indices closed down on " pain jitters ". Every sector was in deep trouble violating key support. Internals were extremely negative worst in decade.

S&P 500 @ 3693.23, low 3647.47, high 3727.14

RSI @ 28.90

CMF @ -0.020

Internals were :

Down volume led by 9.68 to 1 in NYSE & 2.74 to 1 in Nasdaq

Declining stocks led by 7.89 to 1 in NYSE & 3.94 to 1 in Nasdaq

Net new 52 wk lows were leading by 1739 in NYSE & 1207 in Nasdaq

VIX UP 9.40% @ 29.92...high today 32.31, 52 wk high 38.94

Oil @ $78.74

Gold @ $1655.60

Canadian $ @ .6417

Stocks which closed green included PLTR

SHOP MU SQ TWTR QRVO SNOW

TOL KBH DHI PHM BYND LVS...

Here is my portfolio weighting :

ARKK       30.94%

MGM       19.31%

UAL         17.39%

LSPD      10.81%

PLTR         8.65%

SOFI         6.82%

SOL          4.48%

XPEV      1.60%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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