Friday, August 5, 2022

Indices closed mixed....

 Indices closed mixed despite a jolt from jobs report which was more than double jobs growth than expected. Market ignored this volatile number and looked ahead to slower economy.

S&P 500 @ 4145.19, low 4107.31, high 4151.58

RSI @ 64.48

CMF @ 0.288

Internals were :

UP volume led by 1.62 to 1 in NYSE & 1.26 to 1 in Nasdaq

Advancing stocks led by .83 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new lows were leading by 441 in NYSE & highs 3 in Nasdaq

VIX Down .84% @ 21.15

Oil @ $89.01

Gold @ $1791.20

Canadian $ @ .7055

Stocks which were UP 1% or more included HST BTCC NCLH PLTR RIOT

SOL APA NTR FSLR SPWR RUN ENPH SEDG AFRM CCJ TECK COIN 

X ROKU BMBL TWTR CNQ FCX CLF MSTR DKNG SNOW LYFT

ZI DDOG CVX BYND LAC OXY SLB LNG YELP BROS OSTK

ULTA CMG V .....

Here is my portfolio weighting :

ARKK       31.66%

MGM       17.25%

UAL         15.37% 

HST        12.19%

PLTR     10.34%

NCLH      5.37%

BTCC      4.94%

RIOT      1.49%

SOFI      1.39%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

2 comments:

psrajpal said...

Hi Saleem and StockTrader

Good to see market showing positive momentum and gains across the board. Your comments about the market and stocks are right on the money and a great help.

@Stocktrader, Do you think PSNL has bottomed out and is ready to move upwards from here
Cash burn is decreasing and few key collaborations seem to be working.

Thanks

Param

Stocks100 said...


Hi Param,

Nice to see your feedback about market and BLOG, appreciate your input.

Good luck with your investments.

Saleem