Thursday, October 6, 2022

Indices closed down .68% to 1.15%....

 Indices closed down.

S&P 500 @ 3744.52, low 3738.22, high 3782.83

RSI @ 43.64

CMF @ -0.007

Internals were :

Down volume led by 2.99 to 1 in NYSE & 1.95 to 1 in Nasdaq

Declining stocks led by 2.32 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new lows were leading by 185 in NYSE & 125 in Nasdaq

VIX UP 6.90% @ 30.52

Oil @ $88.45

Gold @ $1720.80

Canadian $ @ .6264

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included ARKK LSPD PLTR

TPR APA SU SNAP NTR MOS HOOD PYPL AG

COIN BMBL RCL WYNN PAAS PINS SNOW

GOLD PENN NEM ZI ZM TOL DHI KBH

PHM CRWD ESTC UBER CVX OXY SLB 

LNG TWLO AEM NFLX LVS GOOS...

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE came under selling pressure due to hawkish Fed statement and tomorrows jobs report, It Is all about inflation coming down not jobs data meeting or missing expectations by bean counters. More & more Fed officials are very hawkish and they are getting vocal, so no pivot anytime soon.

BLOG does NOT give buy or sell.

Saleem

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