Monday, October 17, 2022

Indices closed UP 1.86% to 3.43%...NICE !!!

 Indices closed UP.

S&P 500 @ 3677.95, high 3689.73, low 3638.65

RSI @ 45.40

CMF @ -0.164

Internals were :

UP volume led by 14.80 to 1 in NYSE & 5.63 to 1 in Nasdaq

Advancing volume led by 4.79 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new lows were leading by 134 in NYSE & 142 in Nasdaq

VIX Down 2.03% @ 31.37

Oil @ $85.46

Gold @ $1664.00

Canadian $ @ .6275

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 5% or more included

ARKK LSPD PLTR MGM SOFI

SHOP SNAP AFRM PYPL CCJ

COIN SQ ROKU BMBL LAC

MSTR DASH PINS DKNG

SNOW LYFT GOOS MTCH

ZM DDOG EAT NVDA 

TWLO META TSLA AMZN

SPLK EXPE JWN BABA BROS...

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE staged a deeply oversold bounce on reversal of policies in UK plus all US yields were lower. Most sectors shot UP from low low levels, internals were strong. Solar was a mixed bag. Morgan Stanley market strategist bear made a near term bullish call which also helped. Enjoy this bounce while it last.

BLOG does NOT give buy or sell.

Saleem

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