Monday, January 24, 2022

Indices closed UP .28% to .63%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4410.13, high 4417.35, low 4222.62

RSI @ 28.55

CMF @ -0.100

Internals were :

Down volume led by 1.08 to 1 in NYSE & .86 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new lows were leading by 1086 in NYSE & 1734 in Nasdaq

VIX UP 3.64% @ 29.90, high today 38.94..new 52 wk high...

Oil @ $83.31

Gold @ $1841.70

Canadian $ @ .7310

Portfolio HST BTCC SNAP MGM NCLH PLTR RIOT UAL

Stocks which closed green today included MGM RIOT

APA CNX AMAT SPWR AFRM TJX MU LULU CRM

M ARKK BYD ROKU QCOM QRVO SWKS LAC PINS

RUN DKNG SNOW NXPI PENN DOCU ZI SHOP TOL

ZM ESTC DDOG KBH TER DHI PHM TWLO LRCX

SPLK OLED LVS OSTK ULTA ULTA CMG X....

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was in a freefall with Dow down 1115 points and Nasdaq down 4.9%, by close all 3 major indices were green. Russell 2000 touched bear market by being down 20%. Internals were extremely negative with highest new lows reached 1700+. There is too much euphoria about today's reversal which may be premature as retest may be a given.

BLOG does NOT give buy or sell.

Saleem

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