Monday, January 30, 2023

Indices closed down .77% to 1.96%...

 Indices closed down.

S&P 500 @ 4017.77, low 4015.55, high 4063.85

RSI @ 56.88

CMF @ 0.208

Internals were :

Down volume led by 3.23 to 1 in NYSE & 2.44 to 1 in Nasdaq

Declining stocks led by 2.40 to 1 in NYSE & 2.07 to 1 in Nasdaq

Net new highs were leading by 59 in NYSE & 70 in Nasdaq

VIX UP 7.73% @ 19.94

Oil @ $77.90

Gold @ $1939.20

Canadian $ @ .6647

In my portfolio bought LCID @ $13.00

Portfolio ARKK LCID LSPD MGM SOL

Stocks which closed green included

GOOS CCJ CRM M JWN

SCHW IBM PENN ENPH

ELF SOFI SNAP SLI ULTA....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TSPE closed near low of the day, It was nothing more than a down close after 6 days of gains. Please do NOT overthink, please get the market direction right, rest is easy and you will enjoy this ride higher & higher after few pause along the way. Let the bear do the doomsday scenario on every down day.

BLOG does NOT give buy or sell.

Saleem

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