Indices closed UP after opening lower. Internals were negative and small cap closed lower.
S&P 500 @ 4489.72, high 4490.33, low 4453.44
RSI @ 50.37
Internals were :
Down volume led by 1.60 to 1 in NYSE & .91 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new lows were leading by 20 in NYSE & 145 in Nasdaq
VIX Down .13% @ 14.82
Oil @ $82.51
Gold @ $1944.00
Canadian $ @ .6543
Portfolio SHOP BTCC
We need to have another positive close to confirm this turnaround. On the positive side DOW S&P 500 & Nasdaq all closed above 50 DMA.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold JETD @ 25.00 to take profits
With consumer spending robust and major pilot shortages, I think the supply/demand balance remains reasonable. A weaker global economy could help jet fuel prices also.
Stocktrader
Hi Saleem,
Added to TZA @ 25.97 as my only hedge remaining
I think higher interest rates and high wages hurt small caps the most, hence the selection here.
I have one position cash available and am still eyeing IONQ.
Stocktrader
Hi Stocktrader,
Nice trade on JETD.
Good luck with more TZA....
IONQ looking better than most....
Saleem
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