Indices closed UP.
S&P 500 @ 4649.23, high 4651.14, low 4583.16
RSI @ 51.21
CMF @ 0.027
Internals were :
UP volume led by 6.42 to 1 in NYSE & 4.24 to 1 in Nasdaq
Advancing stocks led by 4.08 to 1 in NYSE & 2.96 to 1 in Nasdaq
Net new 52 wk lows were leading by 45 in NYSE & 125 in Nasdaq
VIX Down 8.13% @ 21.01
Oil @ $71.26
Gold @ $1788.70
Canadian $ @ .7068
Portfolio CNX HST MGM SNAP BTCC NCLH RIOT SU UAL
Stocks which were UP 5% or more included
HST MGM RIOT NCLH UAL
PLTR XPEV LI NIO AFRM CGC CCJ
SQ APA LSPD M BYD JBLU SAVE TRIP
BMBL RCL WYNN CCL BIDU RUN DKNG
SNOW LYFT PENN DAL ESTC UBER DDOG
ENPH PDD JD BA BYND BABA EXPE LAC OXY
JKS MU LVS NKE......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE staged an oversold bounce and closed near high of the day, a good first day for market participants. Many deeply oversold stocks staged almost 10% UP move. Most sectors participated in this bounce. Internals were positive. We need a confirmation of this rally IF NOT it will be very negative for this TAPE.
BLOG does NOT give buy or sell.
Saleem
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