Friday, January 28, 2022

Indices closed UP 1.65% to 3.13%...NICE !!!!

 Indices staged a deeply oversold bounce with Nasdaq in lead. Indices closed @ high of the day.

S&P 500 @ 4431.85, high 4432.72, low 4292.46

RSI @ 38.07

CMF @ -0.089

Internals were :

UP volume led by 2.91 to 1 in NYSE & 4.17 to 1 in Nasdaq

Advancing stocks led by 1.83 to 1 in NYSE & 1.87 to 1 in Nasdaq

Net new lows were leading by 734 in NYSE & 1131 in Nasdaq

VIX Down 9.28% @ 27.66

Oil @ $86.82

Gold @ $1786.60

Canadian $ @ .7243

Stocks which were UP 6% or more included BTCC RIOT SNAP

AFRM HOOD LSPD AAPL FUBO MSTR DASH DKNG

ESTC NVAX TWLO MA V OSTK....

Here is my portfolio weighting 50% exposure :

HST        48.18%

UAL       19.58%

NCLH      9.36%

BTCC      7.96%

MGM      6.64%

SNAP     4.85%

RIOT     3.43%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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