Tuesday, September 20, 2022

Indices closed down .95% to 1.13%.....

 Indices closed down.

S&P 500 @ 3855.93, low 3827.54, high 3867.01

RSI @ 37.53

CMF @ 0.069

Internals were :

Down volume led by 8.39 to 1 in NYSE & 2.89 to 1 in Nasdaq

Declining stocks led by 5.26 to 1 in NYSE & 2.66 to 1 in Nasdaq

New new lows were leading by 625 in NYSE & 528 in Nasdaq

VIX UP 5.43% @ 27.16

Oil @ $83.94

Gold @ $1671.10

Canadian $ @ .6656

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included MGM XPEV

CCJ TRIP WYNN LYFT PDD MRNA 

BA OLED LVS SU AAPL TWTR....

AH futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure but managed to close above low of the day. Selling was prompted by fear of how much Fed will raise Fed funds rates, consensus is 75 basis with similar hawkish language. Hoping for a relief rally after announcement as we are deeply oversold.

BLOG does NOT give buy or sell.

Saleem

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