Indices closed UP.
S&P 500 @ 4262.45, high 4271.05, low 4187.90
RSI @ 44.81
CMF @ 0.016
Internals were :
UP volume led by 3.01 to 1 in NYSE & 3.33 to 1 in Nasdaq
Advancing stocks led by 2.07 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new lows were leading by 549 in NYSE & 533 in Nasdaq
VIX Down 6.12% @ 29.83
Oil @ 96.44
Gold @ $1929.70
Canadian $ @ .7191
Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL
Stocks which were UP 3% or more included
MGM NCLH RIOT SOFI UAL
SNAP XPEV FSLR NIO AFRM
PYPL MU AG SQ BYD JBLU
SAVE MRVL WYNN SWKS AAL CCL
MSTR DASH AMD DKNG GAN CSIQ
MSFT NXPI PENN DOCU ZI SHOP CIEN
DAL ZM ENPH TER BYND NVDA TSLA
AMZN ULTA M....
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, Market staged an oversold bounce. Fed statement may dictate post 2 PM market. IF we get a green close on Wednesday, then today's rally has any meaning. Just about every sector participated in this rally. Oil has badly slumped to reality.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold SAIL @ 43.58
Bought LITE @ 91.17
With the level of competition in protecting networks, I think SAIL might be fairly valued here despite the nice revenue guide higher for 2022.
LITE has continued to gain praise from analysts for its long term growth prospects and I feel it got punished for Chinese exposure recently. It might be a good rebound candidate and has some tangible current earnings to back up valuation.
Stocktrader
Hi Stocktrader,
Good luck with LITE....
Saleem
Hi Saleem,
Sold GLBE @ 32.74 to take profits on this pop
Stocktrader
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