Thursday, October 13, 2022

Indices closed UP 2.23% to 2.83%...NICE !!!

 Indices closed UP.

S&P 500 @ 3669.91, high 3685.41, low 3491.58

RSI @ 42.97

CMF @ -0.047

Internals were :

UP volume led by 4.36 to 1 in NYSE & 2.70 to 1 in Nasdaq

Advancing stocks led by 2.24 to 1 in NYSE & 2.07 to 1 in Nasdaq

Net new lows were leading by 1375 in NYSE  & 893 in Nasdaq

VIX Down 4.86% @ 31.94...high 33.87

Oil @ $89.11

Gold @ $1648.30

Canadian $ @ ,6251

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 3% or more included UAL

RIOT MRVL AMAT NTR MOS MGA MU GE

TECK JBLU SAVE TSM AAPL QCOM IBM

QRVO SWKS CNQ SLB OXY LNG CVX

LAC MSFT DAL TD NVAX MRNA MCD

BYND NVDA LRCX BROS MA V MS...

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE reacted to high CPI report then found support and made a V bottom and closed near high of the day. Internals were positive. Many technicians are of the opinion, this is not the bottom of this bear market, thus caution is advised.

BLOG does NOT give buy or sell.

Saleem

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