Indices closed sharply lower on many news, some military some company driven. @ close we have breached some key technical levels.
S&P 500 @ 5061.82, low 5052.47, high 5168.43
RSI @ 39.10
Internals were :
Down volume led by 3.82 to 1 in NYSE & 2.64 to 1 in Nasdaq
Declining stocks led by 5.09 to 1 in NYSE & 3.50 to 1 in Nasdaq
Net new lows led by 99 in NYSE & 296 in Nasdaq
VIX UP 11.09% @ 19.23
Oil @ $85.41
Gold @ $2383.00
Canadian $ @ .6243
Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN
TAPE displayed many facet of news driven activity, first It was " no further escalation in GAZA or around the world " thus a strong relief rally @ open which faded very quickly and then TSLA related news which further heightened concern about EV & economy @ large.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
The chart of AI is eye-popping - really shows some of the internal weakness experienced in the last month+
Stocktrader
Hi Stocktrader,
YES...AI is a broken concept....
Just saw your message...
Saleem
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