Friday, February 4, 2022

Indices closed mixed.....

 This was among the wild week which I have encountered since 1999, Jobs data was well above expectations and all previous jobs numbers were revised UP, a total reversal of employment picture. Bond yield jumped to highest level to justify 2 hikes in March & May.

S&P 500 @ 4500.53, high 4539.66, low 4451.50

RSI @ 45.97

CMF @ 0.059

Internals were :

UP volume led by 1.28 to 1 in NYSE & 2.60 to 1 in Nasdaq

Advancing stocks led by .88 to 1 in NYSE & 1.79 to 1 in Nasdaq

Net new lows were leading by 318 in NYSE & 298 in Nasdaq

VIX Down 4.64% @ 23.22

Oil @ $92.31

Gold @ $1807.80

Canadian $ @ .7238

Stocks which were UP 3% or more included 

BTCC MGM PLTR RIOT SOL

SLI XPEV AFRM HOOD CCJ SQ

BYD ROKU MRVL TWTR MGNI MSTR

DASH PINS DKNG PANW DOCU SHOP DDOG

TSLA AMZN SNAP....

In my portfolio Bought CNX @ $15.07

Here is my portfolio weighting 100% exposure :

HST          26.34%

UAL         20.77%

MGM       14.40%

BTCC     10.76%

NCLH      9.82%

CNX        8.18%

RIOT      3.57%

SOL        3.37%

PLTR     2.79%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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