Thursday, September 22, 2022

Indices closed down .35% to 1.37%....

 Indices closed down.

S&P 500 @ 3757.99, low 3749.45, high 3790.90

RSI @ 32.06

CMF @ 0.008

Internals were :

Down volume led by 3.69 to 1 in NYSE & 2.61 to 1 in Nasdaq

Declining stocks led by 4.90 to 1 in NYSE & 3.78 to 1 in Nasdaq

Net new lows were leading by 1100 in NYSE & 906 in Nasdaq

VIX Down 2.29% @ 27.35

Oil @ $83.49

Gold @ $1681.10

Canadian $ @ ,6497

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included

NIO GE TECK FCX CRM RCL TWTR

IBM PFE MSFT NEM CIEN PDD

META GOOG NFLX SLB LNG...

AH Futures UP

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure again despite deeply oversold conditions. Interest rate jitters keep affecting investors psyche. Patience & conviction is the key to ride out this storm. Internals were negative. VIX was down today which confirms oversold status of this market.

BLOG does NOT give buy or sell.

Saleem

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