Wednesday, December 7, 2022

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 3933.92, low 3922.68, high 3957.57

RSI @ 49.36

CMF @ 0.103

Internals were :

Down volume led by 1.55 to 1 in NYSE & 1.59 to 1 in Nasdaq

Declining stocks led by 1.04 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new lows were leading by 99 in NYSE & 259 in Nasdaq

VIX UP 2.30% @ 22.68

Oil @ $72.01

Gold @ $1798.00

Canadian $ @ .6357

Portfolio ARKK LSPD PLTR MGM SOL

Stocks which were UP 1% or more included PLTR

AMAT PYPL AG M BMBL PAAS LAC MGNI

DASH PFE MRNA NVAX GOLD AEM NEM

ZI TOL KBH DHI PHM ENPH SEDG TER

ASML BYND LNG RH ULTA....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed mixed on rate jitters. Canadian Central Bank increased by 50 basis but is calling for pause to see how economy cools down, Fed next Wednesday could be following the same script. Internals were negative Housing stocks moved UP sharply on TOL good earnings.

BLOG does NOT give buy or sell.

Saleem


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