Tuesday, November 22, 2022

Indices closed UP 1.18% to 1.36%...NICE !!!

 Indices closed UP.

S&P 500 @ 4003.58, high 4005.88, low 3956.88

RSI @ 60.66

CMF @ -0.038

Internals were :

UP Volume led by 2.98 to 1 in NYSE & 2.05 to 1 in Nasdaq

Advancing stocks led by 3.40 to 1 in NYSE & 1.56 to 1 in Nasdaq

Net new lows were leading by 8 in NYSE & 128 in Nasdaq

VIX Down 4.79% @ 21.29

Oil @ $80.95

Gold @ $1739.90

Canadian $ @ .6595

In my portfolio Added 10% ARKK @ $34.76

Portfolio ARKK LSPD PLTR MGM SOL XPEV

Stocks which were UP 3% or more included TPR MRVL

CNX APA OXY LNG NTR MOS AG CCJ TECK CRM 

COIN M X TSM PAAS MSTR AMD GOLD INTC 

ENPH EAT PHM NVDA AEM EXPE JWN ....

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed @ high of the day dispelling doom & gloom by technicians with their charts pointing down. Tomorrow is fed's meeting minutes @ 2 PM which should bring out all skeptics in drove. Market will ignore gloom & doom and will march forward as there is too much momentum building in this TAPE.

BLOG does NOT give buy or sell.

Saleem


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