Wednesday, September 22, 2021

Indices closed UP .95% to 1.02%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4395.64, high 4416.75, low 4367.43

RSI @ 41.69

CMF @ -0.157

Internals were :

UP volume led by 5.32 to 1 in NYSE & 2.65 to 1 in Nasdaq

Advancing stocks led by 3.88 to 1 in NYSE & 2.40 to 1 in Nasdaq

Net new 52 wk high were leading by 57 in NYSE & low by 5 in Nasdaq

VIX Down 14.33% @ 20.87

Oil @ $72.23

Gold @ $1778.80

Canadian $ @ .7264

Portfolio CNX HST MGM WEED LSPD NCLH RIOT UAL XPEV

Stocks which were UP 4% or more included MGM WEED NCLH RIOT

HOOD AFRM SU APA M BMBL CNQ MGNI GAN PENN SEDG

BA OXY SPWR OSTK....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was higher from pre market to close, Internals were mixed. Fed policy statement was market friendly. Most sectors participated with reopen in the forefront. Chinese credit situation got reprieve thus Chinese stocks rebounded.

BLOG does NOT give buy or sell.

Saleem


4 comments:

stocktrader_1996 said...

Hi Saleem,

Sold ACHR @ 9.17 on re-think

Stocktrader

Stocks100 said...

Stocktrader,

Market is flying north.....

Saleem

stocktrader_1996 said...

Hi Saleem,

I am highly skeptical of all speculative stocks right now given the ever-swamping supply of IPOs, SPACs, and secondary offerings. In my opinion, there's just too much stock for sale out there and will eventually result in all valuation having to come down in that area.

Stocktrader

Stocks100 said...


Hi Stocktrader,

That is a good read on current supply of stocks!!!!

Saleem