Thursday, August 10, 2023

Indices closed UP .03% to .15%....NICE !!!

 Indices Closed UP in reaction to CPI which was lower than consensus.

S&P 500 @ 4468.83, high 4527.37, low 4457.92

RSI @ 46.50

Internals were :

Down volume led by 1.17 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 1.15 to 1 in Nasdaq

Net new highs led by 41 in NYSE & lows by 96 in Nasdaq

VIX Down .69% @ 15.85

Oil @ $82.82

Gold @ $1948.90

Canadian $ @ .6593

Portfolio SHOP BTCC

Market is weak needs time for base building, PPI reaction will be the same flat to lower TAPE.

BLOG does NOT give buy or sell.

Saleem

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