Wednesday, March 16, 2022

Indices closed UP 1.55% to 3.77%.....NICE !!!!

 Indices closed UP.

S&P 500 @ 4357.86, high 4358.90, low 4251.99

RSI @ 51.17

CMF @ 0.029

Internals were :

UP volume led by 4.89 to 1 in NYSE & 7.95 to 1 in Nasdaq

Advancing stocks led by 3.78 to 1 in NYSE & 3.77 to 1 in Nasdaq

Net new lows were leading by 198 in NYSE & 217 in Nasdaq

VIX Down 10.59% @ 26.67

Oil @ $95.04

Gold @ $1909.20

Canadian $ @ .7255

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL 

Stocks which were UP 5% or more included

MGM NCLH PLTR RIOT SOL UAL

SNAP XPEV AFRM HOOD PYPL MU LULU SQ COIN 

M JBLU SAVE ROKU RCL WYNN AAL CCL SCHW

MSTR DASH BIDU PINS DKNG GAN SNOW LYFT

PENN GOOS DOCU SHOP ZM ESTC UBER JD 

TWLO BABA JKS LVS MS....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was under buying pressure from open till 2 PM when Fed statement took the wind and Indices went RED, then rethink and oversold condition got hold and renewed buying took hold, Indices closed @ high of the day, this close confirms this rally is for real. Most sector participated in today's runup. Chinese stocks saw the-best surge in history of Wall Street.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold CXM @ 11.93 to reduce some non-profitable exposure

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought TZA @ 32.33 to protect existing positions

Stocktrader

stocktrader_1996 said...

Hi Saleem,

https://www.aaii.com/sentimentsurvey

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold LYFT @ 37.07 on sluggish action

Bought more TZA @ 31.92

I think I'm finally comfortable with my exposure levels.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with TZA and eliminating positions not participating.

Saleem