Friday, January 7, 2022

Indices closed down .01% to .96%.....

 Indices closed down despite poor jobs creation. Interest rates spiked UP on their own take of strong economy. Technology stocks pulled back again & restart stocks were in vogue again, rotation is in full swing with new allocation & reallocation.

S&P 500 @ 4677.03, low 4662.74, high 4707.95

RSI @ 47.41

CMF @ 0.012

Internals were :

UP volume led by 1.62 to 1 in NYSE & 1.01 to 1 in Nasdaq

Advancing stocks led by 1.01 to 1 in NYSE & .73 to 1 in Nasdaq

New lows were leading by 51 in NYSE & 231 in Nasdaq

VIX Down 4.33% @ 18.76

Oil @ $78.90

Gold @ $1797.40

Canadian $ @ .7355

Stocks which were UP 1% or more included HST NCLH UAL

SOL SPWR LI HOOD CGC CCJ GE TECK X JBLU SAVE

RCL CNQ AAL CCL SCHW FCX BIDU DKNG CSIQ 

DAL TD PDD JD NVAX CVX BMO BA BYND JKS

BABA EXPE OXY SLB ORCL......

In my portfolio Added 100% BTCC.U.TO @ $7.79

Here is my portfolio weighting :

MGM         27.04%

HST          24.88%

CNX         20.02%

UAL         10.77%

NCLH        5.06%

BTCC        3.71%

SU             3.36%

SNAP        3.14%

RIOT         2.03%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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