Indices closed down 1.55% to 2.17%.....

Indices closed down.

S&P 500 @ 2820.00, low 2793.15, high 2874.14

RSI @ 49.45

CMF @ -0.105

Internals were :

Down volume led by 8.25 to 1 in NYSE & 3.00 to 1 in Nasdaq

Declining stocks led by 6.38 to 1 in NYSE & 4.30 to 1 in Nasdaq

Net new 52 wk lows were leading by 73 in NYSE & 54 in Nasdaq

VIX UP 6.78% @ 35.28

Oil @ $25.29

Gold @ $1716.40

Canadian $ @ .5908

Portfolio AAL APA CNX CLDR MGM SU

Stocks which closed green included JD NVRX UBER
DDOG MESO MRNA SHOP NEM AEM AMZN
NFLX PANW OSTK PANW....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was on the defensive right after open and closed @ low of the day. Famous Wall Street guru David Tepper lit more fire by saying this is the second most overvalued market since 1999 2000 bubble. These wild bearish statements actually brings a bottom in a hurry, so there is good news there. Always book your profit, a mantra one must practice or you lose all profit in a hurry.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed