Thursday, August 12, 2021

Indices closed UP .04% to .35%...NICE!!!!

 Indices closed UP.

S&P 500 @ 4460.83, high 4461.77, low 4435.96

RSI @ 65.28

CMF @ 0.233

Internals were :

Down volume led by 1.53 to 1 in NYSE & .88 to 1 in Nasdaq

Declining stocks led by 1.18 to 1 in NYSE & 1.33 to 1 in Nasdaq

Net new 52 wk high were leading by 183 in NYSE & low by 30 in Nasdaq

VIX Down 2.93% @ 15.59

Oil @ $69.09

Gold @ $1751.80

Canadian $ @ .7477

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which closed green included CNX MGM PLTR

CRM AAPL NVTA BMBL FSLR LAC SCHW RIDE 

RUN PFE SPWR DKNG SNOW PENN ZI PLAN

SHOP ZM CRWD ESTC DDOG NVAX MRNA

NVDA TWLO TSLA SPLK NTNX FB OSTK 

ULTA CMG....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed green but internals were weak. DOW & S&P 500 made a new all time high. Technology stocks fared better today. VIX is @ low of the range which means a mini pullback is in the card. Stay well diversified to protect with minor pullbacks.

BLOG does NOT give buy or sell.

Saleem

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