Wednesday, July 7, 2021

Indices closed UP .01% to .34%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4358.13, high 4361.88, low 4329.79

RSI @ 71.19

CMF @ 0.218

Internals were :

Down volume led by 1.54 to 1 in NYSE & 1.35 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1.93 to 1 in Nasdaq

Net new 52 wk highs were leading by 270 in NYSE & 43 in Nasdaq

VIX Down 1.46% @ 16.20

Oil @ $72.20

Gold @ $1802.10

Canadian $ @ .7486

Portfolio CNX HST MGM WEED XPEV NCLH RIOT UAL

Stocks which were UP 1% or more included LULU TECK

COIN X AAPL PYPL CLF DASH SNOW TOL KBH

KRA UPS DHI PHM FEYE JKS ORCL CMG.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed UP with Nasdaq & S&P 500 @ new all time high. Internals were negative 3 days in a row. Bond yield is @ lowest level since February. Reopen stocks are taking on the chin while technology stocks are moving UP. Rotation is the only game in town.

BLOG does NOT give buy or sell.

Saleem

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