Indices closed down.
S&P 500 @ 4111.08, low 4093.38, high 4124.63
RSI @ 60.47
CMF @ 0.239
Internals were :
Down volume led by 2.57 to 1 in NYSE & 1.39 to 1 in Nasdaq
Declining stocks led by 3.36 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new highs were leading by 41 in NYSE & 59 in Nasdaq
VIX UP 6.00% @ 19.43
Oil @ $74.11
Gold @ $1879.50
Canadian $ @ .6552
Portfolio ARKK LCID LSPD MGM SOL
Stocks which were UP 1% or more included LSPD LCID
SNAP SCHW AI DASH PINS UBER SEDG GILD
MCD TSLA.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE closed lower in anticipation of State of the Union address and Fed Chief take on recent data that is, Friday's jobs report. I believe that 2 days of soft close should be enough for digestion of gains of last 6 weeks. Time to add or start a new position again.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought SARK @ 39.22 as a hedge
I am concerned that stronger economic data will keep the Fed hawkish and capital raises might oversupply some stocks.
Stocktrader
Hi Stocktrader,
Good luck with SARK.....
Saleem
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