Monday, December 19, 2022

Indices closed down .49% to 1.49%...

 Indices closed down.

S&P 500 @ 3817.66, low 3800.04, high 3854.86

RSI @ 39.59

CMF @ -0.022

Internals were :

Down volume led by 2.68 to 1 in NYSE & 3.62 to 1 in Nasdaq

Declining stocks led by 2.80 to 1 in NYSE & 2.63 to 1 in Nasdaq

Net new lows were leading by 199 in NYSE & 454 in Nasdaq

VIX Down .88% @ 22.42

Oil @ $75.47

Gold @ $1787.70

Canadian $ @ .6357

Portfolio ARKK LSPD PLTR MGM SOL

Stocks which closed green included

JD JKS FSLR ENPH TJX GE CRM

CNQ CIEN CNX UPS BA BABA

SLB ORCL....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was in selling mode again for 4th day in a row. Selling looks exhausted and we are deeply oversold. Internals were negative. Too much bearish talk on CNBC just going with negative flow, ignore the noise and stay in the market with conviction & patience, this soon shall pass. It may be a turnaround Tuesday.

BLOG does NOT give buy or sell.

Saleem

No comments: