Thursday, December 22, 2022

Indices closed down 1.05% to 2.18%....

 Indices closed down.

S&P 500 @ 3822.39, low 3764.49, high 3853.26

RSI @ 41.57

CMF @ -0.040

Internals were :

Down volume led by 2.90 to 1 in NYSE & 1.76 to 1 in Nasdaq

Declining stocks led by 3.78 to 1 in NYSE & 2.04 to 1 in Nasdaq

Net new lows were leading by 229 in NYSE & 390 in Nasdaq

VIX UP 9.47% @ 21.97

Oil @ $78.29

Gold @ $1795.30

Canadian $ @ .6343

Portfolio ARKK LSPD MGM SOL

Stocks which closed green included

TPR HST SNAP AG CLF NEM

KBH LITE EAT ELF DHI PHM

NKE BABA BROS ULTA....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE surprised everyone by slumping from open and made lower lows then recovered to close above low of the day, some good news some bad news. Technology has resumed its downward spiral in many key stocks and sectors Semiconductors & TSLA in particular, not a good omen for this market.

BLOG does NOT give buy or sell.

Saleem

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