Indices closed UP.
S&P 500 @ 3849.28, high 3858.18, low 3805.45
RSI @ 46.00
CMF @ -0.065
Internals were :
UP volume led by 9.80 to 1 in NYSE & 8.14 to 1 in Nasdaq
Advancing stocks led by 4.80 to 1 in NYSE & 4.30 to 1 in Nasdaq
Net new lows were leading by 51 in NYSE & 120 in Nasdaq
VIX Down 3.16% @ 21.44
Oil @ $78.12
Gold @ $1826.00
Canadian $ @ .6450
Portfolio ARKK LSPD MGM SOL
Stocks which were UP 5% or more included ARKK LSPD SOL
XPEV SHOP SQ COIN MGNI AI DASH LYFT
DOCU ZI DDOG BYND TSLA....
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was green and closed near high of the day, Nasdaq was the strongest. This was a deeply oversold rally and cannot be taken as change in direction. Tomorrow is the last day of trading which may reflect IF losses are being booked or 2023 allocation is kicking in. Please look @ your portfolio for 2023 exposure, IF changes are needed, then selling losers may not be a bad idea on last day of trading.
BLOG does NOT give buy or sell.
Saleem
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