Thursday, January 7, 2021

Indices closed UP .69% to 2.56%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3803.79, high 3811.55, low 3764.71

RSI @ 68.25

CMF @ 0.145

Internals were :

UP volume led by 1.94 to 1 in NYSE & 6.30 to 1 in Nasdaq

Advancing stocks led by 1.72 to 1 in NYSE & 2.99 to 1 in Nasdaq

Net new 52 wk highs were leading by 637 in NYSE & 530 in Nasdaq

VIX Down 10.77% @ 22.37

Oil @ $50.83

Gold @ $1913.60

Canadian $.7274

Portfolio AAL APA BB CCL CNX MGM SU TECK

Stocks which were UP 4% or more included   BB

FUBO RIOT AI MSTR DASH SQ RIDE NKLA

SNAP PINS MRVL RUN NIO AMD SPWR JKS

CSIQ PANW DADA DOCU SHOP ESTC DDOG 

ENPH SEDG DHI PHM KBH XLNX NVDA

TSM TSLA FEYE FSLR AMAT ROKU OSTK

TLRY.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong and Nasdaq was flying and was strongest by far. Internals were strong also. DOW, S&P 500 & Nasdaq all made a new all time high. There was calm & unanimity on political front which is extremely positive. Stay home, Solar stocks, Technology were strong. Do not forget to book gains.

BLOG does NOT give buy or sell.

Saleem


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