Tuesday, August 31, 2021

Indices closed down .04% to .13%.....

 Indices closed down.

S&P 500 @ 4522.68, low 4515.80, high 4531.39

RSI @ 64.73

CMF @ 0.249

Internals were :

UP volume led by 1.47 to 1 in NYSE & 2.04 to 1 in Nasdaq

Advancing stocks led by 1.23 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 199 in NYSE & 95 in Nasdaq

VIX UP 1.79% @ 16.48

Oil @ $68.50

Gold @ $1818.10

Canadian $ @ .7367

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 2% or more included CNX PLTR XPEV

NIO CCJ APA LSPD ACB VUZI SAVE SNAP AAL CCL

FUBO BIDU SNOW PDD JD EAT BZUN BABA API

QS JWN LVS TLRY....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was slightly lower @ close. Internals were positive. Some pundits are predicting 15% pullback for almost 1 full year and has not happened. Risk reward ratio favors a well diversified portfolio which can gain double of any pullback, so stay put.

BLOG does NOT give buy or sell.

Saleem

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