Friday, March 18, 2022

Indices closed UP .80% to 2.05%....NICE!!!!

 Indices closed UP with back to back close higher and in some key indices closing above key level of 50 DMA. Technical improvement is extremely powerful which I have seen in many decades.

S&P 500 @ 4463.12, high 4465.40, low 4390.57

RSI @ 57.24

CMF @ 0.147

Internals were :

UP volume led by 1.72 to 1 in NYSE & 3.78 to 1 in Nasdaq

Advancing stocks led by 2.20 to 1 in NYSE & 2.17 to 1 in Nasdaq

Net new highs were leading by 3 in NYSE & lows by 17 in Nasdaq

VIX Down 7.01% @ 23.87

Oil @ $104.70

Gold @ $1929.30

Canadian $ @ .7364

Stocks which closed @ 4% or more included PLTR RIOT SOFI SOL

SNAP XPEV AFRM PYPL LSPD COIN ARKK ROKU AI DASH

PINS SNOW SHOP JS TWLO FB SPLK BABA NIO SQ JKS

LVS MSTR GOOS....

Here is my portfolio weighting :

HST        24.99%

MGM     21.71%

UAL       17.87%

PLTR    12.02%

BTCC      9.77%

NCLH     8.40%

RIOT      3.66%

SOFI        .93%

SOL         .65%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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