Wednesday, December 28, 2022

Indices closed down 1.10% to 1.35%.....

 Indices closed down.

S&P 500 @ 3783.22, low 3780.78, high 3848.32

RSI @ 39.07

CMF @ -0.009

Internals were :

Down volume led by 5.18 to 1 in NYSE & 1.80 to 1 in Nasdaq

Declining stocks led by 3.77 to 1 in NYSE & 1.97 to 1 in Nasdaq

Net new lows were leading by 189 in NYSE & 404 in Nasdaq

VIX UP 2.26% @ 22.14

Oil @ $78.96

Gold @ $1815.80

Canadian $ @ .6408

Portfolio ARKK LSPD MGM SOL

Stocks which closed green included

SCHW DKNG SNOW LYFT

UBER DOCU MTCH NVAX

ELF TWLO TSLA NTNX....

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure again due to year end loss selling. Internals were negative. Many market theories have been put to bed by this relentless bear market, this bear has cut most stocks into minimum half some by 75%. Stay with your highest conviction picks, sooner or later they should come to life.

BLOG does NOT give buy or sell.

Saleem

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