Tuesday, February 21, 2023

Indices closed down 2.00% to 2.50%....

 Indices closed down

S&P 500 @ 3997.34, low 3995.19, high 4052.35

RSI @ 43.86

CMF @ 0.204

Internals were :

Down volume led by 7.19 to 1 in NYSE & 3.81 to 1 in Nasdaq

Declining stocks led by 7.08 to 1 in NYSE & 4.23 to 1 in Nasdaq

Net new lows were leading by 2 in NYSE & 79 on Nasdaq

VIX UP 7.72% @ 22.87

Oil @ $76.16

Gold @ $1842.59

Canadian $ @ .6483

Portfolio ARKK AI LCID SHOP SOL

Stocks which closed green included 

TOST HST SU NTR PYPL X

TRIP FVX CLF PINS ABBV

AEM SLB LVS.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under intense selling pressure because economic news in USA & Canada was better than expected, thus fear of higher Interest rated for longer time put fear in most trader and Fed was smiling. AH earnings report were better than expected, futures looking green.

BLOG does NOT give buy or sell.

Saleem

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