Tuesday, February 28, 2023

Indices closed down .10% to .71%...

 Indices closed down.

S&P 500 @ 3970.15, low 3968.98, high 3997.50

RSI @ 42.16

CMF @ 0.087

Internals were :

Down volume led by 1.43 to 1 in NYSE & .80 to 1 in Nasdaq

Declining stocks led by 1.13 to 1 in NYSE & .79 to 1 in Nasdaq

Net new highs were leading by 38 in NYSE & 3 in Nasdaq

VIX Down 1.19% @ 20.70

Oil @ $77.05

Gold @ $1836.70

Canadian $ @ .6380

Portfolio ARKK AI LCID MRVL SHOP SOL

Stocks which closed UP 2% or more included ARKK LCID

LSPD EXAS XPEV PDD JKS UAL SNAP RUN AMAT

AFRM HOOD SQ COIN X ROKU BMBL WYNN LVS

AAL FCX CLF DOCU CIEN LITE VICR TWLO META 

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed near low of the day after being UP @ open, NOT a great technical picture, looks like another retest of support coming shortly. Weakness needs to be bought and any profits must be taken. Rotation seems to be working which IS a good thing.

BLOG does NOT give buy or sell.

Saleem

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