Wednesday, October 13, 2021

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4363.80, high 4372.87, low 4329.92

RSI @ 45.79

CMF @ -0.188

Internals were :

UP volume led by 1.43 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 1.73 to 1 in NYSE & 1.40 to 1 in Nasdaq

Net new 52 wk high were leading by 35 & lows by 4 in Nasdaq

VIX Down 6.10% @ 18.64

Oil @ $80.44

Gold @ $1794.70

Canadian $ @ .7547

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 3% or more included SOL XPEV

AFRM LULU AG CCJ BB LSPD BMBL LAC MGNI

FUBO FCX AI SNOW ZI PLAN SHOP ZM CRWD

ESTC DDOG PDD BZUN TWLO AEM SPLK

API AMD MARA.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed mixed which is a victory as Fed minutes confirms tapering starts in 30 days which market wanted confirmation. Canadian bankers are also worried about inflation and are voicing concern / disagreement with Central Bank policy. Technology stocks came back to life after being deeply oversold.

BLOG does NOT give buy or sell.

Saleem

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