Wednesday, September 28, 2022

Indices closed UP 1.88% to 2.05%...NICE !!!

 Indices closed UP.

S&P 500 @ 3719.04, high 3736.74, low 3640.61

RSI @ 35.01

CMF @ 0.027

Internals were :

UP volume led by 10.96 to 1 in NYSE & 5.82 to 1 in Nasdaq

Advancing stocks led by 5.82 to 1 in NYSE & 3.66 to 1 in Nasdaq

Net new lows were leading by 433 in NYSE & 333 in Nasdaq

VIX Down 7.42% @ 30.18

Oil @ $82.15

Gold @ $1670.00

Canadian $ @ .6346

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

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

NCLH SHOP RIOT HST CNX APA PYPL TECK SQ M BMBL

PAAS LAC MGNI MSTR PINS GOLD PENN NEM AEM

DOCU ZI TOL KBH DHI PHM ESTC BA BYND TWLO

META BABA NFLX OXY DLB LNG RH BROS ...

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE started red but as yields went down Indices kept going UP closing near high of the day. Internals were strong. Most sectors participated in today's rally which saw high single digit gains. Sentiment improved substantially for traders & Investors while bears were nowhere to be seen. Most technicians are predicting max 5% rally from lows.

BLOG does NOT give buy or sell.

Saleem


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