Indices closed down.
S&P 500 @ 3928.86, low 3926.59, high 4014.16
RSI @ 52.04
CMF @ 0.135
Internals were :
Down volume led by 5.29 to 1 in NYSE & 2.89 to 1 in Nasdaq
Declining stocks led by 1.88 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new highs were leading by 94 in NYSE & 87 in Nasdaq
VIX UP 5.06% @ 20.34
Oil @ $79.48
Gold @ $1907.00
Canadian $ @ .6559
Portfolio ARKK LSPD MGM SOL
Stocks which closed green included
DAL TPR RUN AMAT NTR TECK
M TSM WYNN QCOM DASH TOL
NXPI NTAP KBH MRNA OLED
LNG ULTA....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed @ low of the day on Fed talk of higher interest rates by 3 Fed officials, more will do the same going forward, reason, Fed talk of higher rates because real Interest rates in open market has peaked and is headed lower, look @ treasury yields which is lowest in weeks. This divergence is a tell tale of market winning against Fed which Fed officials do not like. Any selling should be taken as gift for buying or adding stocks.
BLOG does NOT give buy or sell.
Saleem
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