Indices closed down 1.45% to 1.58%...

 Indices closed down.

S&P 500 @ 3963.94, low 3955.77, high 4012.27

RSI @ 55.74

CMF @ -0.005

Internals were :

Down volume led by 6.19to 1 in NYSE & 1.58 to 1 in Nasdaq

Declining stocks led by 3.50 to 1 in NYSE & 2.66 to 1 in Nasdaq

Net new lows were leading by 12 in NYSE & 71 in Nasdaq

VIX UP 8.34% @ 22.21

Oil @ $77.94

Gold @ $1740.30

Canadian $ @ .6565

Portfolio ARKK LSPD PLTR MGM SOL XPEV

Stocks which closed green included

PDD SHOP LULU BMBL

WYNN LVS BIDU AMZN

ULTA CMG.....

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure due to China's crackdown on protestors for zero tolerance of COVID-19, expect minor adjustment to this rule to pacify activists. Fed hawkish speech continued which gave US$ a lift. Indices closed near low of the day. As were overbought, this was a possibility. Expect rally to continue.

BLOG does NOT give buy or sell.

Saleem