Friday, August 12, 2022

Indices closed UP 1.27% to 2.09%...NICE !!!

 Indices closed UP making higher highs. So called target of 4200 in S&P 500 was extremely "soft target "VIX closed below 20 a sign of significant strength in bullish sentiment. Internals were strong. Indices closed @ absolute high of the day.

S&P 500 @ 4280.15, high 4280.47, low 4219.78

RSI @ 71.67

CMF @ 0.251

Internals were :

UP volume led by 7.18 to 1 in NYSE & 3.63 to 1 in Nasdaq

Advancing stocks led by 4.44 to 1 in NYSE & 2.76 to 1 in Nasdaq

Net new lows were leading by 442 in NYSE & highs by 35 in Nasdaq

VIX Down 3.32% @ 19.53

Oil @ $92.09

Gold @ $1815.60

Canadian $ @ .7212

Stocks which were UP 3% or more included ARKK PLTR RIOT SOFI

SOL SEDG MRVL SNAP AMAT LRCX TER AFRM MU TECK 

COIN ROKU LAC SCHW MSTR PFE DKNG NXPI PENN

CIEN EAT NVDA SPLK QS GOOS.....

Here is my portfolio weighting :

ARKK        29.51%

MGM        15.88%

UAL         14.35%

HST         11.88%

PLTR        8.04%

LSPD       7.62%

NCLH      5.17%

BTCC      4.72%

RIOT      1.61%

SOFI      1.22%

Next post by Sunday around 6 PM

BLOG does NOT give buy or sell.

Saleem

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