Friday, July 1, 2022

Indices closed UP .90% to 1.06%...NICE !!!

 Indices closed UP near high of the day capping a very negative week on a happy note. Internals were positive. Gold seems to be weakening closing barely above $1800. Next week is a 4 day week which may be lower in volume due to holiday coordination.

S&P 500 @ 3825.33, high 3829.82, low 3762.10

RSI @ 44.62

CMF @ -0.059

Internals were :

UP volume led by 3.39 to 1 in NYSE & 2.77 to 1 in Nasdaq

Advancing stocks led by 2.77 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new lows were leading by 455 in NYSE & 300 in Nasdaq

VIX Down 7.00% @ 26.70

Oil @ $108.40

GOLD @ $1801.50

Canadian $ @ .7127

Stocks which were UP 3% or more included ARKK MGM

AG CCJ SQ COIN TRIP BMBL ARKG  AAL AI DASH

PINS RUN SNOW PENN LVS DOCU TOL KBH DHI

PHM CRWD ESTC UBER DDOG PDD NVAX MRNA

AEM AMZN SPLK OSTK.....

Here is my portfolio weighting :

ARKK       30.59%

MGM       17.49%

UAL         17.39%

HST        12.49%

PLTR        9.83%

NCLH      5.41%

BTCC      4.79%

SOFI      1.1%

RIOT      .91%

Next post on Monday by 6 PM.

BLOG does NOT give buy or sell.

Enjoy your long weekend !

Saleem

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