Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3190.14, low 3181.49, high 3223.27

RSI @ 68.41

CMF @ 0.255

Internals were :

Down volume led by 5 to 1 in NYSE & 1.36 to 1 in Nasdaq

Declining stocks led by 2.24 to 1 in NYSE & 1.86 to 1 in Nasdaq

Net new 52 wk highs were leading by 86 in NYSE & 136 in Nasdaq

VIX @ 27.57

Oil @ $39.60

Gold @ $1720.70

Canadian $ @ .6608

In my portfolio :

Bought MGM @ $22.55 & 70% more @ $20.85
Bought ROKU @ $114.49
Bought CGC @ $17.98

Sold GOLD @ $24.99

Portfolio CGC CIEN CNX MGM ROKU SU

Stocks which closed green included ROKU GOLD
ZM CRWD DDOG CRON JD PINS SQ AMD
TER MSFT AAPL DHI PHM JKS QCOM
BYND LULU BZUN NVDA TSM TWLO
TSLA NEM AEM AMZN SPLK BABA 
FFIV MA OSTK V.....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was mixed but Nasdaq kept going UP and closed well above 10 k @ 10020.35 a new all time high and closing high. Fed policy statement came out as expected, thus market has discounted all the liquidity driven impact on stocks and market, market is fully valued based on Fed policies. Easy money has been made and a digestive phase of market has started as of 2 days ago. Only savior in this environment is RSI numbers which has been ignored and made no difference so far....BUT not anymore, so please pay attention and act accordingly, it is a normal market now where overbought matters.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed