Thursday, March 17, 2022

Indices closed UP 1.23% to 1.33%...NICE !!!!

Indices closed UP.

 S&P 500 @ 4411.67, high 4418.67, low 4335.66

RSI @ 54.36

CMF @ 0.044

Internals were :

UP volume led by 3.42 to 1 in NYSE & 4.60 to 1 in Nasdaq

Advancing stocks led by 4.10 to 1 in NYSE & 2.91 to 1 in Nasdaq

Net new lows were leading by 55 in NYSE & 64 in Nasdaq

VIX Down 3.75% @ 25.67

Oil @ $102.98

Gold @ $1943.20

Canadian $ @ .7358

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included

NCLH PLTR RIOT SOFI SOL 

CNX APA SNAP NTR MOS AFRM

HOOD PYPL AG CCJ TECK SQ COIN

M X ROKU TWTR MGM FCX CLF DASH

RUN DKNG SNOW SHOP ZM CRWD BYND

TWLO TSLA SPLK OXY SLB WYNN LVS 

MS OSTK AMZN....

AH Futures Down

AH Asian Market UP

AH Oil & Gold UP

About market, TAPE continued its bullish pattern and closed near high of the day. Many sectors Base metals, stay home, security, EV, oil all participated in today's run. Do not forget to see relative value / upside in other good stocks and switch accordingly.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Sold FDX @ 216.21

I just don't see a path to greater profitability for now based on unimpressive margins and guidance. Somehow these guys habitually disappoint and possibly just need new leadership.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added to TZA @ 30.68

I don't really know which way the market will go from here, especially with central banks around the world acting to remove liquidity and raise rates. I prefer to be nicely hedged, although I'm aware I often get this wrong.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more TZA.....

We all are wrong @ least more than what we care to remember.

Saleem