Tuesday, October 18, 2022

Indices closed UP .90% to 1.14%...NICE !!!

 Indices closed UP.

S&P 500 @ 3719.98, high 3762.79, low 3686.53

RSI @ 48.33

CMF @ -0.176

Internals were :

UP volume led by 4.58 to 1 in NYSE & 2.73 to 1 in Nasdaq

Advancing stocks led by 2.70 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new lows were leading by 130 in NYSE & 82 in Nasdaq

VIX Down 2.77% @ 30.50

Oil @ $82.82

Gold @ $1655.80

Canadian $ @ .6207

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed UP 3% or more included SOFI UAL

PDD NCLH RCL CCL SHOP MOS AFRM GE CRM

M TRIP AAL MSTR PINS DKNG SNOW PANW

LYFT DOCU MTCH CRWD UBER ENPH 

SEDG DHI PHM TWLO BROS.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE continued its oversold bounce for day 2, Internals were mostly positive. Not all sectors participated today. After hours earnings were very good for NFLX & UAL which has lifted futures which entails a strong open. Good time to review your trades & make switch to better relative performers.

BLOG does NOT give buy or sell.

Saleem


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