Wednesday, August 3, 2022

Indices closed UP 1.29% to 2.59%...NICE !!!

 Indices closed UP.

S&P 500 @ 4155.17, high 4167.66, low 4107.96

RSI @ 65.65

CMF @ 0.286

Internals were :

UP volume led by 1.98 to 1 in NYSE & 3.86 to 1 in Nasdaq

Advancing stocks led by 2.25 to 1 in NYSE & 2.59 to 1 in Nasdaq

Net new lows were leading by 451 in NYSE & 5 in Nasdaq

VIX Down 8.27% @ 21.95

Oil @ $90.66

Gold @ $1776.40

Canadian $ @ .7127

Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 3% or more included 

ARKK MGM NCLH RIOT SOFI

SNAP AMAT AFRM HOOD PYPL

LULU LSPD COIN M JWN JBLU AAPL

ROKU MRVL QRVO SWKS AI MSTR

DASH PANW LYFT DOCU ZI CRWD

DDOG MRNA TWLO META LRCX 

AMZN SPLK SQ SHOP....

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE ignored all the hawkish talk by Fed Governors and closed strong and near high of the day. Internals were strong, most sectors participated in this rally with Fintech being standout. Market is displaying latent bullish tone for a while and is ready to conquer higher highs before bears cover their shorts.

BLOG does NOT give buy or sell.

Saleem


4 comments:

stocktrader_1996 said...

Hi Saleem,

Added to SYM @ 16.66

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more SYM

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold U @ 45.33 to take profits ahead of the quarter

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next pick.

Saleem