Monday, March 22, 2021

Indices closed UP .32% to 1.23%....NICE !!!

 Indices closed UP.

S&P 500 @ 3940.59, high 3955.31, low 3914.16

RSI @ 56.10

CMF @ 0.017

Internals were :

Down volume led by 1.45 to 1 in NYSE & .70 to 1 in Nasdaq

Declining stocks led by 1.18 to 1 in NYSE & 1.25 to 1 in Nasdaq

Net new 52 wk highs were leading by 118 in NYSE & 39 in Nasdaq

VIX Down 9.88% @ 18.88

Oil @ $61.56

Gold @ $1738.10

Canadian $ @ .7467

Portfolio AAPL HST NVTA NIO SB SU TSM

Stocks which were UP 2% or more included AAPL NVTA TSM

ROKU FSLR QCOM SWKS BIDU RUN SPWR CSIQ JKS 

ENPH INTC MSFT PANW DADA ZI SHOP ESTC ASML 

NVDA TSLA LRCX SPLK AMAT NFLX QS SLB ....

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was strange today but Nasdaq was UP for a change and opening stocks took a rest. Internals were very poor but VIX tanked and gave a very bullish read. FANG related technology stocks were green but gave UP half of its gains or more, NOT a clear verdict. We may revert to opening stocks or both tech may join the party.

BLOG does NOT give buy or sell.

Saleem

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