Indices closed UP despite a super hawkish statement by Fed official saying like it or not more pain on the way and a further 75 basis point hike in next meeting, traders & institutions just yawned and started to buy on knee jerk selling.
S&P 500 @ 3965.34, high 3979.89, low 3935.98
RSI @ 58.58
CMF @ -0.004
Internals were :
UP volume led by 1.65 to 1 in NYSE & .77 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new highs were leading by 16 in NYSE & lows by 111 in Nasdaq
VIX Down 3.38% @ 23.12
Oil @ $80.08
Gold @ $1754.40
Canadian $ @ .6617
Stocks which were UP 1% or more included UAL
HST BYD SAVE RCL QRVO PAAS SCHW
IBM DKNG PANW NXPI GOOS NEM
ZI CIEN DAL SEDG EAT UPS ELF
AEM EXPE FFIV LTHM JWN SLB
LNG BROS ULTA.....
In my portfolio :
Sold UAL @ 43.45
Added 50% ARKK @ $36.28
Here is my portfolio weighting :
ARKK 55.14%
MGM 19.66%
LSPD 8.06%
PLTR 7.19%
SOFI 5.54%
SOL 3.65%
XPEV .76%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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