Thursday, September 1, 2022

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3966.85, high 3970.23, low 3903.65

RSI @ 38.11

CMF @ -0.052

Internals were :

Down volume led by 2.08 to 1 in NYSE & 1.75 to 1 in Nasdaq

Declining stocks led by 2.82 to 1 in NYSE & 1.96 to 1 in Nasdaq

Net new lows were leading by 360 in NYSE & 398 in Nasdaq

VIX down 1.20% @ 25.56

Oil @ $86.61

Gold @ $1709.30

Canadian $ @ .6832

In my portfolio added 10% SOL @ $5.64

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included UAL

SNAP FSLR TJX HOOD MU AAPL

ROKU QRVO SWKS SCHW BIDU

IBM PFE MRNA ZM EAT CMG

UPS MCD META TSLA AMZN 

GOOG NFLX ORCL MS ULTA 

V JWN NTNX.....

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under pressure again but managed to find support & buyers near low of the day, DOW & S&P 500 made a perfect V bottom but Nasdaq ended down for the day well above low & support. It is all about jobs report, my guess It may be weaker than expected, then only this rally can continue.

BLOG does NOT give buy or sell.

Saleem

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