Tuesday, November 2, 2021

Indices closed UP .34% to .39%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4630.65, high 4635.15, low 4613.34

RSI @ 70.86

CMF @ 0.309

Internals were :

UP volume led by .67 to 1 in NYSE & 1.23 to 1 in Nasdaq

Advancing stocks led by .92 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 305 in NYSE & 240 in Nasdaq

VIX Down 2.32% @ 16.03

Oil @ $83.91

Gold @ $1789.40

Canadian $ @ .7578

Portfolio CNX HST MGM SNAP XPEV NCLH UAL

Stocks which were UP 2% or more included BITO RIOT AFRM

AI MSTR PFE GOOS CIEN NVAX LITE MRNA NVDA

JWN OSTK.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE ignored all the noise about upcoming Fed policy decision on Wednesday @ 2 PM and closed near high of the day and @ new all time highs in DOW, S&P 500 & Nasdaq. Fed policy statement will be the biggest non-event as everything is known even all the steps of how when & how many interest rate hikes in 2022 which is 2 hikes which will bring Fed funds rate to a sky high .75% which this entire universe wishes for. Friday's job report may be a better indicator of how many Americans are willing to work for wages.

BLOG does NOT give buy or sell.

Saleem


3 comments:

stocktrader_1996 said...

Hi Saleem,

Bought speculative GMBL @ 6.74 on the recent price upgrade and action

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought PINS @ 44.615

With the story significantly de-risked now, it feels like there's compelling long term value as an e-commerce platform.

Stocktrader

Stocks100 said...


Hi Stocvktrader,

Good luck with GMBL & PINS...

Fed on your side!!!!

Saleem