Tuesday, October 5, 2021

Indices closed UP .92% to 1.25%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4345.72, high 4369.23, low 4309.87

RSI @ 42.79

CMF @ -0.222

Internals were :

UP volume led by 1.79 to 1 in NYSE & 1.27 to 1 in Nasdaq

Advancing stocks led by 1.45 to 1 in NYSE & 1.43 to 1 in Nasdaq

Net new 52 wk high were leading by 45 in NYSE & lows by 123 in Nasdaq

VIX Down 7.23% @ 21.30

Oil @ $78.93

Gold @ $1760.90

Canadian $ @ .7434

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

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

HOOD COIN AFRM SQ PYPL CGC ACB TLRY SU OXY

X ROKU BMBL MRVL TWTR FB SNAP CNQ SCHW 

CLF MSTR MSFT DOCU CRWD DDOG NVDA TWLO

NFLX JKS MGA ORCL MS....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE staged an oversold bounce, internals were mostly positive. We need a confirmation of today's move with a strong close on Wednesday, otherwise we go back to a weak TAPE. Covid-19 plus Delta variant has tendered a serious blow to world economic order, new problems have cropped up with no solution in sight.

BLOG does NOT give buy or sell.

Saleem

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