Tuesday, April 25, 2023

Indices closed down 1.02% to 1.98%....

 Indices closed down.

S&P 500 @ 4071.63, low 4071.38, high 4126.43

RSI @ 48.15

CMF @ 0.306

Internals were :

Down volume led by 6.49 to 1 in NYSE & 2.43 to 1 in Nasdaq

Declining stocks led by 4.57 to 1 in NYSE & 3.47 to 1 in Nasdaq

Net new lows were leading by 78 in NYSE & 344 in Nasdaq

VIX UP 11.07% @ 18.76

Oil @ $77.07

Gold @ $2004.50

Canadian $ @ .6369

Portfolio ARKK AI SHOP SQ

Stocks which closed green included

SPOT COIN RIOT FSLR CCJ 

MSTR PHM IBM....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE closed @ absolute low of the day, It was a "washout day " had a feel of capitulation. Internals were all negative, a sign selling had reached a climax. After hours in earnings report we got extremely bullish report from MSFT & GOOG which means a floor has been put in Nasdaq.

BLOG does NOT give buy or sell.

Saleem

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