Indices closed down on Fed hawkish stance on direction of US Interest rates, It IS higher for longer time.
S&P 500 @ 4402.20, low 4401.38, high 4461.03
RSI @ 41.23
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 1.90 to 1 in Nasdaq
Net new lows led by 23 in NYSE & 212 in Nasdaq
VIX UP 7.30% @ 15.14
Oil @ $90.28
Gold @ $1967.10
Canadian $ @ .6570
Portfolio AI META NVDA SHOP TSLA BTCC
Nasdaq took the brunt of Fed statement & Q&A, it sold off on high volume. There is a good chance after lower open and margin calls out of the way, Nasdaq may close green. DOW is still holding above recent lows which gives me lot of hope for a green day tomorrow @ close.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Bought PLTR @ $14.44
Saleem
Hi Stocktrader,
Added 100% AI @ $25.50
Saleem
Hi Saleem,
Great use of available funds - this plunge has created some nice longer term opportunities.
Stocktrader
Hi Stocktrader,
We are deeply oversold and sentiment has gone negative which IS a great " contrary indicator "
Saleem
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