Wednesday, December 8, 2021

Indices closed UP .10% to .64%....NICE !!!!

 Indices closed UP

S&P 500 @ 4701.21, high 4705.06, low 4674.52

RSI @ 58.11

CMF @ -0.064

Internals were :

UP volume led by 1.81 to 1 in NYSE & 2.67 to 1 in Nasdaq

Advancing stocks led by 1.68 to 1 in NYSE & 1.91 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & lows by 13 in Nasdaq

VIX Down 9.09% @ 19.90

Oil @ $72.36

Gold @ $1785.50

Canadian $ @ .7343

Portfolio CNX HST MGM SNAP NCLH UAL

Stocks which were UP 4% or more included SNAP NCLH UAL

NIO AFRM HOOD ROKU RCL LAC CCL FUBO AI RIDE

PINS GAN DOCU ZI BYND LVS.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was green 3 days in a row, all indices closed near high of the day staring @ new all time highs. Restart & technology stocks performed well. Internals were mostly positive. There is a calm in this TAPE which should propel indices into series of new all time highs. This is a great rotation market and bad earnings are being given a pass which means many stocks should go much higher.

BLOG does NOT give buy or sell.

Saleem

No comments: