Friday, January 8, 2021

Indices closed UP .18% to 1.03%....NICE !!!!

 Indices closed near high of the day. DOW, S&P 500 & Nasdaq all closed @ new all time high. Oil closed @ record high of 2 years. Technology continue to shine in rotation. We are off to a very good start for 2021.....

S&P 500 @ 3824.68, high 3826.69, low 3783.60

RSI @ 70.27

CMF @ 0.225

Internals were :

UP volume led by .96 to 1 in NYSE & 1.50 to 1 in Nasdaq

Advancing stocks led by 1.10 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 588 in NYSE & 527 in Nasdaq

VIX Down 3.62% @ 21.56

Oil @ $52.24

Gold @ $1835.40

Canadian $ @ .7298

Stocks which were UP by 2% or more included BB MGM

RIOT CLF AI DASH BIDU RUN NIO DKNG DADA

PENN GOOS DOCU ZI SHOP ROKU ZM DDOG

JD IQ BZUN TSLA BABA FFIV OLED YY 

CMG X.....

Here is my portfolio weighting :

SU         29.72%

MGM    18.54%

AAL      13.07%

BB       11.37%

CCL    10.24%

APA     9.30%

TECK  5.93%

CNX   1.83%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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