Indices closed UP.
S&P 500 @ 3526.65, high 3528.03, low 3494.60
RSI @ 79.19
CMF @ 0.399
Internals were :
UP volume led by 1.40 to 1 in NYSE & 1.34 to 1 in Nasdaq
Advancing stocks led by 1.62 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 216 in NYSE & 164 in Nasdaq
VIX Down 1.10% @ 26.12
Oil @ $42.76
Gold @ $1978.90
Canadian $ @ .6952
Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU
Stocks which were UP 1% or more included FCX MGM
MRVL SQ QRVO CLDR TWTR AMD PENN NIO
DOCU DKNG GAN SHOP ROKU CIEN TOL ZM
CRWD DDOG KBH JD PINS AAPL PHM SPWR
RUN LULU BZUN NVDA NFLX IQ LNG CMG
BABA MGA BB.....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went sharply higher again and made a new all time high in Nasdaq and S&P 500. Internals were all positive. ZM pushed itself and all stay home stocks into neverland, important to book profit @ this stage. Recovery stocks are primed for a major jump, evidence is MGM which went UP 40% in August alone. So look under the hood now, many gems are primed for 40% move UP.
BLOG does NOT give buy or sell.
Saleem
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