Indices closed down NOT on higher rates BUT rates actually collapsed the-most in a very long time in 2 years & 10 years BUT due due to collapse & shut down of SVB in California, venture capital bank.SO panic sets in and then sell sell sell.
S&P 500 @ 3861.59, low 3846.32, high 3934.05
RSI @ 34.60
CMF @ -0.045
Internals were :
Down volume led by 19.63 to 1 in NYSE & 3.70 to 1 in Nasdaq
Declining stocks led by 4.75 to 1 in NYSE & 4.27 to 1 in Nasdaq
Net new lows were leading by 229 in NYSE & 512 in Nasdaq
VIX UP 9.69% @ 24.80
Oil @ $76.68
Gold @ $1867.20
Canadian $ @ .6192
Stocks which closed green included
RBLX PDD BMBL PAAS
BIDU INTC PANW NEM
AEM ABBV MRNA BA
MCD TSLA LNG ULTA....
Here is my portfolio weighting :
SHOP 44.68%
ARKK 31.07%
AI 24.25%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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