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:
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
Hi Stocktrader,
Good luck with ENPH.....
Saleem
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