Wednesday, September 21, 2022

Indices closed down 1.70% to 1.79%....

 Indices closed down.

S&P 500 @ 3789.93, low 3789.49, high 3907.07

RSI @ 33.74

CMF @ 0.044

Internals were :

Down volume led by 6.06 to 1 in NYSE & 2.89 to 1 in Nasdaq

Declining stocks led by 2.41 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new lows were leading by 588 in NYSE & 587 in Nasdaq

VIX UP 3.06% @ 27.99

Oil @ $82.94

Gold @ $1675.70

Canadian $ @ .6599

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed UP included LSPD PLTR SOL 

RIOT JKS MRVL FSLR CSIQ GOLD ZI CIEN

DDOG EAT ELF TER NVDA JWN RH....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure in reaction to Fed's hawkish press conference after raising interest rate by 75 basis. Market closed @ low of the day. Lot of questions were raised after listening to Fed policy & Q&A, most decided to sell and call it a day. Surprisingly VIX remained calm gained only 3.06% which may give hope to die hard bulls.

BLOG does NOT give buy or sell.

Saleem

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