Tuesday, January 11, 2022

Indices closed UP .51% to 1.41%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4713.07, high 4714.13, low 4638.27

RSI 51.61

CMF @ 0.121

Internals were :

UP volume led by 4.22 to 1 in NYSE & 3.31 to 1 in Nasdaq

Advancing stocks led by 3.05 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new highs were leading by 35 in NYSE & lows by 125 in Nasdaq

VIX Down 5.10% @ 18.41

Oil @ $81.22

Gold @ $1818.50

Canadian $ @ .7318

Portfolio BTCC CNX HST MGM SNAP NCLH RIOT SU UAL

Stocks which were UP 3% or more included MGM RIOT SNAP SU

SOL APA XPEV SPWR NIO AFRM HOOD PYPL LSPD TECK

COIN M TSM MRVL WYNN QCOM LAC MSTR DASH RUN

PINS AMD DKNG GAN DOCU ZI PDD JD PHM BA SPLK

BABA QS JWN OXY SLB LVS OSTK....

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE started weak then after Fed chief reconfirmation hearing market went straight UP as there was nothing but Fed is ready to tackle its mandate in his 2nd term. Nasdaq was strongest with technology & energy stocks in the lead, a strange combination. Oil reached its highest level of $81+++ which is music to energy stocks. Yes we have a confirmation of this reversal.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold PHM @ 54.69 on the prospect of stalling/declining home prices

Bought ENPH @ 147.87 on high energy prices and bad news for solar already priced in

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with ENPH.....

Saleem