Thursday, October 7, 2021

Indices closed UP .83% to 1.05%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4399.76, high 4429.97, low 4383.73

RSI @ 49.47

CMF @ -0.166

Internals were :

UP volume led by 3.36 to 1 in NYSE & 1.96 to 1 in Nasdaq

Advancing stocks led by 2.50 to 1 in NYSE & 2.48 to 1 in Nasdaq

Net new 52 wk highs were leading by 99 in NYSE & 14 in Nasdaq

VIX Down 6.95% @ 19.54

Oil @ $78.30

Gold @ $1759.20

Canadian $ @ .7450

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 2% or more included CNX SOL XPEV

NIO SU CCJ TECK CLF FCX SQ APA LSPD BMBL MRVL 

FSLR SPWR ENPH RUN TWTR SNAP MGNI FUBO MSTR

BIDU JD PDD BABA PINS AMD PENN SHOP ESTC NKE

BYND TWLO SPLK MGA OSTK.....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE remained green whole day and closed UP for 3 days in a row. Budget compromise is the key to keep this market moving north. Internals were mostly positive. All sectors participated in today's rally. Oil staying @ multi year high and Natural gas @ 7 tear high. Gasoline prices are in neverland will hit everyone.

BLOG does NOT give buy or sell

Saleem

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