Indices closed down.
S&P 500 @ 3719.89, low 3698.15, high 3750.59
RSI @ 45.81
CMF @ -0.151
Internals were :
Down volume led by 1.21 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.75 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new lows were leading by 300 in NYSE & 298 in Nasdaq
VIX Down 2.17% @ 25.30
Oil @ $88.17
Gold @ $1630.90
Canadian $ @ .6268
Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV
Stocks which were UP 1% or more included SOL SOFI XPEV
JD PDD JKS RUN CSIQ FSLR SPWR ENPH SEDG NCLH
RCL APA SU CVX OXY SLB NIO LAC DASH AMD
SNOW ELF BA NVDA ULTA.....
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed lower again, yield went UP to highest level in decades. Jobs data may bring relief to a very tense market. As we are oversold, we may see green by close. Internals were negative, Solar stocks did well thanks to RUN earnings report.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold IONQ @ 5.10 to raise cash
It feels like all long-term assets are getting crushed after earnings, plus it may be susceptible to a corporate spending slowdown.
Stocktrader
Hi Saleem,
Bought SNAP @ 8.95
With Twitter seeing advertiser disruption and Tiktok facing consistent calls to scrutinize the Chinese influence, Snap may have more catalysts than I realized despite the weak ad-spending environment. User growth continues to be extremely strong and is the go-to platform of choice for the under-25 demographic.
Stoctrader
Hi Stocktrader,
Good luck with SNAP, yes it is a relative beneficiary of TWTR & TIK TOK issues.....
Saleem
Post a Comment