Indices closed down .86% to 1.51%....

Indices closed down.

S&P 500 @ 3145.32, low 3142.93, high 3184.15

RSI @ 56.51

CMF @ -0.094

Internals were :

Down volume led by 2.54 to 1 in NYSE & 1.48 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.63 to 1 in Nasdaq

Net new 52 wk highs were leading by 123 in NYSE & 114 in Nasdaq

VIX UP 5.33% @ 29.43

Oil @ $40.62

Gold @ $1809.90

Canadian $ @ .6409

Portfolio AAL APA CCL MGM SU

Stocks which closed UP 2% or more included AUY NIO NEM
DOCU SHOP KL PDD NVAX SQ ELF TWTR RUN AEM 
SNAP OSTK.......

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure after touching green, indices closed @ low of the day. Most traders are realizing that we are deeply overvalued but are playing for the last $. Market is in a topping pattern which gives many signal like negative CMF which is @ lowest level in a while. We have to keep an eye on how we close daily for confirmation.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed