Wednesday, October 5, 2022

Indices closed down .14% to .25%....

 Indices closed down.

S&P 500 @ 3783.28, low 3722.66, high 3806.91

RSI @ 46.11

CMF @ 0.069

Internals were :

Down volume led by 1.73 to 1 in NYSE & 1.60 to 1 in Nasdaq

Declining stocks led by 2.08 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new lows were leading by 140 in NYSE & 144 in Nasdaq

VIX Down 1.79% @ 28.55

Oil @ $87.76

Gold @ $1720.80

Canadian $ @ .6333

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included MGM UAL

TPR CNX APA SU TJX JWN M PYPL LULU

CRM BYD TSM WYNN LVS PENN QCOM

QRVO SNOW PANW GOOS ZI CRWD

JD CVX OXY SLB LNG EAT NKE

SPLK SNAP MU MA V ORCL SWKS ...

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed slightly lower as yield rose. Internals were negative. Many stocks took a well deserved rest after burning TAPE for 2 days. Solar & EV were hit hard as US pointed to child labor being used for batteries for Solar & EV in China.

BLOG does NOT give buy or sell.

Saleem

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