Tuesday, December 6, 2022

Indices closed down 1.03% 2.00%....

 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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