Monday, October 3, 2022

Indices closed UP 2.27% to 2.66%...NICE !!!

 Indices closed UP.

S&P 500 @ 3678.43, high 3698.35, low 3604.93

RSI @ 37.65

CMF @ 0.018

Internals were :

UP volume led by 10.29 to 1 in NYSE & 4.12 to 1 in Nasdaq

Advancing stocks led by 5.04 to 1 in NYSE & 2.70 to 1 in Nasdaq

Net new lows were leading by 328 in NYSE & 327 in Nasdaq

VIX Down 4.81% @ 30.10

Oil @ $83.63

Gold @ $1702.00

Canadian $ @ .6344

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 3% or more included LSPD SOFI

TPR SHOP MRVL HST APA SU CNQ CVX SLB OXY

AMAT FSLR ENPH RUN AG PAAS CCJ TECK X 

AAPL BMBL QCOM QRVO SWKS FCX CLF

MSTR AMD MSFT PANW NXPI ZI TOL

DHI PHM KBH MTCH TER BA NVDA 

LRCX JWN MU RH ORCL OSTK....

AH Futures UP

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE gave a much awaited deeply oversold bounce as 10 year yield slumped and UN made an appeal to all Central Banks of the world to stop raising rates. Internals were strong many sectors were UP. Oil went sharply higher on anticipation of OPEC+ output cut by 1 million barrels.

BLOG does NOT give buy or sell.

Saleem

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