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:
Hi Saleem,
Bought speculative GMBL @ 6.74 on the recent price upgrade and action
Stocktrader
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
Hi Stocvktrader,
Good luck with GMBL & PINS...
Fed on your side!!!!
Saleem
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