Indices closed down.
S&P 500 @ 3941.26, low 3918.39, high 4001.51
RSI @ 49.98
CMF @ 0.127
Internals were :
Down volume led by 2.39 to 1 in NYSE & 4.05 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new lows were leading by 110 in NYSE & 245 in Nasdaq
VIX 6.84% @ 22.17
Oil @ $74.25
Gold @ $1782.40
Canadian $ @ .6344
Portfolio ARKK LSPD PLTR MGM SOL
Stocks which were UP 1% or more included
XPEV JD UAL NIO TECK
X AAL CLF EAT ELF
BYND BABA.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure again on nervousness about strong US data and its impact on direction of Interest rates. Fed will announce its decision @ 2 PM tomorrow about hike & its current take on its policies, I expect it to be 50 basis increase and then gradual increase as needed, this should give a boost to bullish sentiment after 2 day slump.
BLOG does NOT give buy or sell.
Saleem
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