Friday, July 15, 2022

Indices closed UP 1.79% to 2.15%...NICE !!!

 Indices closed UP on deeply oversold condition and better retail sales. Banks fared better today.

S&P 500 @ 3863.16, high 3863.62, low 3817.18

RSI @ 49.16

CMF @ 0.247

Internals were :

UP volume led by 8.11 to 1 in NYSE & 3.03 to 1 in Nasdaq

Advancing stocks led by 4.53 to 1 in NYSE & 2.37 to 1 in Nasdaq

Net new lows were leading by 448 in NYSE & 128 in Nasdaq

VIX Down 8.22% @ 24.23

Oil @ $97.59

Gold @ $1703.60

Canadian $ @ .6952

Stocks which were UP 4% or more included NCLH RIOT SOFI

PYPL TECK SQ BYD ROKU RCL TWTR CCL MGNI MSTR

PINS DKNG LYFT PENN DOCU UBER NVAX MRNA 

ASML BYND TWLO META SPLK RIG RH MS.....

Here is my portfolio weighting :

ARKK        31.49%

UAL          17.60%

MGM        16.39%

HST         12.21%

PLTR        9.22%

NCLH      5.41%

BTCC      5.14%

SOFI       1.20%

RIOT      1.14%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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