Thursday, November 4, 2021

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4680.06, high 4683.00, low 4662.59

RSI @ 75.04

CMF @ 0.361

Internals were :

Down volume led by 1.95 to 1 in NYSE & .96 to 1 in Nasdaq

Declining stocks led by 1.12 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 386 in NYSE & 320 in Nasdaq

VIX UP 2.25% @ 15.44

Oil @ $78.81

Gold @ $1793.50

Canadian $ @ .7536

Portfolio CNX HST MGM SNAP XPEV NCLH UAL

Stocks which were UP 1% or more included XPEV

AFRM MU SU LULU APA CRM TSM MRVL

QCOM AMD SNOW NXPI GOOS ZI PLAN

SHOP CIEN MTCH CRWD ESTC DDOG 

LITE EAT TER DHI PHM NKE LSCC

ASML NVDA MCD FB TSLA LRCX

AMZN AMAT GOOG LAC NIO 

AMAT MA CMG....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed but made new all time highs in DOW, S&P 500  and Nasdaq either on a closing basis or intraday basis. Internals were mixed. After hours earnings report were mostly negative but since it is a powerful bull market, effect of bad earnings does not last long, they always see silver lining somewhere. It is about jobs report @ 830 AM, it should be better than expected which should change gloom into happy hour again.

BLOG does NOT give buy or sell.

Saleem

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