Wednesday, April 12, 2023

Indices closed down .11% to .85%...

 Indices closed down.

S&P 500 @ 4091.95, low 4086.94, high 4134.37

RSI @ 58.26

CMF @ 0.276

Internals were :

Down volume led by 1.73 to 1 in NYSE & 2.02 to 1 in Nasdaq

Declining stocks led by 1.08 to 1 in NYSE & 1.69 to 1 in Nasdaq

Net new highs were leading by 54 in NYSE & lows by 111 in Nasdaq

VIX Down .05% @ 19.09

Oil @ $83.26

Gold @ $2024.90

Canadian $ @ .6545

In my portfolio added 15% ARKK @ $38.70

Portfolio ARKK LSPD SHOP SQ

Stocks which were UP 1% or more included SHOP

TPR AG GOLD PANW VRWD DDOG

ELF AEM SLB.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong @ open on better than expected news on inflation. @ 2 PM Fed minutes talked about recession thus sell sell sell program kicked in, we closed @ lows of the day. Nasdaq was the weakest. Internals were negative BUT VIX went down giving lot of hope for Thursday close in a positive manner.

BLOG does NOT give buy or sell.

Saleem 

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