Tuesday, August 3, 2021

Indices closed UP .55% to .82%...NICE !!!!

Indices closed UP.

S&P 500 @ 4423.15, high 4423.79, low 4373.00

RSI @ 61.72

CMF @ 0.255

Internals were :

UP volume led by 2.06 to 1 in NYSE & 1.29 to 1 in Nasdaq

Advancing stocks led by 1.60 to 1 in NYSE & .95 to 1 in Nasdaq

Net new 52 wk highs were leading by 190 in NYSE & 10 in Nasdaq

VIX Down 7.30% @ 18.04

Oil @ $70.56

Gold @ $1814.10

Canadian $ @ .7447

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 1% or more included CNX UAL

HOOD AFRM MU SU LULU GE APA MX M FSLR

QRVO CNQ CLF PINS RUN AMD SNOW CSIQ

ZI KL DDOG ENPH SEDG MRNA NKE BA 

ASML AMZN FFIV LNG ORCL ULTA CMG...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE opened lower but closed @ high of the day. Most sectors participated. Internals were mixed. AH earnings were better than expected which should help on open. Many stocks are over extended thus booking profit may be a very good idea.

BLOG does NOT give buy or sell.

Saleem

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