Friday, September 9, 2022

Indices closed UP 1.19% to 2.11%...NICE !!!

 Indices closed near high of the day. 3 day of strong UP move is a great display of strength from Jackson Hole. Internals were strong. Most sectors participated in this rally.

S&P 500 @ 4067.36, high 4076.81, low 4022.94

RSI @ 50.94

CMF @ 0.020

Internals were :

UP volume led by 10.29 to 1 in NYSE & 3.50 to 1 in Nasdaq

Advancing stocks led by 5.14 to 1 in NYSE & 2.57 to 1 in Nasdaq

Net new lows were leading by 24 in NYSE & 49 in Nasdaq

VIX Down 3.47% @ 22.79

Oil @ $86.79

Gold 2 $1728.60

Canadian $ @ .6960

Stocks which were UP 4% or more included ARKK LSPD SOL

SHOP RIOT NTR NIO AFRM HOOD SQ COIN BMBL RCL

FCX CLF MSTR DASH PINS LYFT GOOS DOCU ZI 

MTCH CRWD ESTC NVAX EAT META SPLK RH 

OSTK....

Here is my portfolio weighting :

ARKK        31.31%

MGM        19.34%

UAL          17.72%

LSPD        11.09%

PLTR          7.81%

SOFI          6.98%

SOL           4.14%

XPEV       1.61%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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