Indices closed down.
S&P 500 @ 3577.03, low 3573.86, high 3608.34
RSI @ 34.55
CMF @ -0.127
Internals were :
Down volume led by 1.25 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.64 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new lows were leading by 688 in NYSE & 578 in Nasdaq
VIX Down .18% @ 33.57
Oil @ $87.27
Gold @ $1677.50
Canadian $ @ .6197
Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV
Stocks which were UP 1% or more included
ARKK MGM SOFI XPEV
NCLH SHOP CNX SNAP
CCL MOS AFRM SQ AG
GE TECK JBLU ROKU
RCL AAL DASH SNOW
LYFT ZI ZM DOCU UBER
NVAX MRNA AEM OXY
LNG BROS ORCL CMG...
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed lower after hotter than expected PPI numbers. Tomorrow is mother of all inflation data CPI, I expect it to be tamer than expected, should give us a powerful oversold bounce. Today technology behaved better than most group, sign that it is deeply oversold after 2 years of relentless selling.
BLOG does NOT give buy or sell.
Saleem
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