Friday, December 9, 2022

Indices closed down .70% to .90%...

 Indices closed @ low of the day on hotter than expected PPI, fear of inflation and prolonged higher interest rates caused selling in closing hour.

S&P 500 @ 3934.38, low 3933.04, high 3977.02

RSI @ 49.28

CMF @ 0.063

Internals were :

Down volume led by 1.89 to 1 in NYSE & 1.54 to 1 in Nasdaq

Declining stocks led by 2.19 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new lows were leading by 36 in NYSE & 177 in Nasdaq

VIX UP 2.42% @ 22.83

Oil @ $71.02

Gold @ $1810.70

Canadian $ @ .6391

Stocks which closed green included DAL UAL JKS

SQ CRM ROKU BMBL MSTR DASH PINS

SNOW CSIQ LYFT DOCU ZI CRWD BA

NTAP DDOG META TSLA SPLK EXPE

NFLX RH MS....

Here is my portfolio weighting :

ARKK  59.46%

MGM  20.18%

LSPD   8.28%

PLTR  7.18%

SOL    4.90%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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