Wednesday, December 21, 2022

Indices closed UP 1.49% to 1.60%...NICE !!!

 Indices closed UP.

S&P 500 @ 3878.44, high 3889.82, low 3839.49

RSI @ 45.90

CMF -0.032

Internals were :

UP volume led by 6.92 to 1 in NYSE & 1.99 to 1 in Nasdaq

Advancing stocks led by 3.43 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new lows were leading by 59 in NYSE & 236 in Nasdaq

VIX Down 6.56% @ 20.07

Oil @ $78.29

Gold @ $1825.40

Canadian $ @ .6374

In my portfolio :

Sold PLTR @ $6.20

Added 20% LSPD @ $13.81

Portfolio ARKK LSPD MGM SOL

Stocks which were UP 3% or more included PLTR XPEV

JD BIDU TPR CNX APA RUN ENPH CSIQ FSLR

CCL NIO LULU GE X AAL MGNI DASH AMD

SNOW DOCU NKE BA NFLX SNAP RH....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed near high of the day and confirmed this reversal. Internals were positive. Today's green close gave much needed boost to die hard bulls who have suffered for last 2 years in a very difficult COVID-19 related environment of investing. Hopefully, this is a start of major run UP above resistance on the chart.

BLOG does NOT give buy or sell.

Saleem


2 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with the PLTR/LSPD swap!

Trimmed GTLB, added to SNAP UPWK LYFT

A rebalance based on GTLB's recent strength but stretched valuation.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more of SNAP UPWK LYFT

Saleem