Tuesday, April 16, 2024

Indices closed mixed....

 Indices closed mixed on interest rate not coming down as expected. Internals were negative.

S&P 500 @ 5051.41. low 5039.83, high 5079.84

RSI @ 38.20

Internals were :

Down volume led by 2.97 to 1 in NYSE & 1.02 to 1 in Nasdaq

Declining stocks led by 2.25 to 1 in NYSE & 1.90 to 1 in Nasdaq

Net new lows were leading by 152 in NYSE & 332 in Nasdaq

VIX down 4.32% @ 18.40

Oil @ $85.36

Gold @ $2407.80

Canadian $ @ .6171

Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN

Indices are " deeply oversold " should stage an oversold bounce.

BLOG does NOT give buy or sell.

Saleem

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