Thursday, December 15, 2022

Indices closed down 2.25% to 3.23%.....

 Indices closed down.

S&P 500 @ 3895.75, low 3879.45, high 3958.37

RSI @ 45.23

CMF @ 0.069

Internals were :

Down volume led by 6.56 to 1 in NYSE & 1.92 to 1 in Nasdaq

Declining stocks led by 4.36 to 1 in NYSE & 2.81 to 1 in Nasdaq

Net new lows were leading by 127 in NYSE & 291 in Nasdaq

VIX UP 7.99% @ 22.83

Oil @ $76.11

Gold @ $1794.40

Canadian $ @ .6348

Portfolio ARKK LSPD PLTR MGM SOL

Stocks which closed green included

JKS CNX TOL KBH DHI PHM

TSLA RH.....

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under severe selling pressure engineered by Fed's hawkish statement & policies. Economic data in US was weaker than expected but had no impact on selling. According to a famous chartist we have 2% more to go down in S&P 500 FWIW.

BLOG does NOT give buy or sell.

Saleem


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