Wednesday, October 6, 2021

Indices closed UP .30% to .47%...NICE !!!!

Indices closed UP.

S&P 500 @ 4363.55, high 4365.57, low 4290.49

RSI @ 45.07

CMF @ -0.194

Internals were :

Down volume led by 1.35 to 1 in NYSE & .69 to 1 in Nasdaq

Declining stocks led by 1.31 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk lows were leading by 91 in NYSE & 231 in Nasdaq

VIX Down 1.41% @ 21.00

Oil @ $77.43

Gold @ $1761.80

Canadian $ @ .7382

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 1% or more included RIOT

PLTR AFRM AG PAAS SQ PYPL CRM TRIP

M ROKU MRVL NVDA AMD TWTR MGNI 

FUBO  AI MSTR DASH SPWR JKS ENPH

SNOW PANW LYFT DOCU ZI SHOP TOL

MTCH CRWD DDOG ESTC AMZN MA

SPLK .....

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was down about 450 DOW points then reversed on positive budget news and closed @ high of the day, this is a major reversal & confirmation of this UP move. Internals were mostly negative. Technology led the biggest movers today, a nice change from last week.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold FDX @ 222.03

At the epicenter of labor shortages and higher gasoline prices, they might find themselves with reduced profitability for a while. The chart is not pretty...

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought EMR @ 96.23

With an emphasis on energy efficiency and possible upside from a software deal, I like the risk/reward here as I find an industrial in which to diversify my portfolio even more.

Stocktrader