Monday, December 5, 2022

Indices closed down 1.40% to 1.93%.....

 Indices closed down.

S&P 500 @ 3998.84, low 3984.49, high 4052.45

RSI @ 55.00

CMF @ 0.187

Internals were :

Down Volume led by 12.16 to 1 in NYSE & 2.61 to 1 in Nasdaq

Declining stocks led by 5.28 to 1 in NYSE & 2.92 to 1 in Nasdaq

Net new lows were leading by 13 in NYSE & 60 in Nasdaq

VIX UP 8.87% @ 20.75

Oil @ $76.93

Gold @ $1781.30

Canadian $ @ .6424

Portfolio ARKK LSPD PLTR MGM SOL 

Stocks which were UP 1% or more included MGM SOL

UAL AAL PDD BISU NVAX SEDG EAT BA OLED...

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was in sell mode thanks to strong US$ as recent economic data in USA accounts for stronger than expected numbers reigniting fears about higher Interest rates scenario. Internals were weak. Nasdaq was the weakest. Turnaround Tuesday is here for bulls.

BLOG does NOT give buy or sell.

Saleem

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