Tuesday, December 13, 2022

Indices closed UP .30% to 1.01%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4019.65, high 4100.96, low 3993.03

RSI @ 56.56

CMF @ 0.088

Internals were :

UP volume led by 1.84 to 1 in NYSE & 2.00 to 1 in Nasdaq

Advancing stocks led by 2.83 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new highs were leading by 21 in NYSE & lows by 124 in Nasdaq

VIX Down 9.80% @ 22.55

Oil @ $75.39

Gold @ $1825.50

Canadian $ @ .6463

Portfolio ARKK LSPD PLTR MGM SOL

Stocks which were UP 2% or more included PLTR SOL

PDD JKS RUN FSLR SPWR SEDG SQ QRVO CNQ

CVX SLB LAC MSTR BIDU BABA PINS GOLD AEM

DOCU ZI MTCH ESTC NVAX MRNA EAT ELF NVDA

TWLO META LRCX AMZN GOOG RH.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE tried to celebrate lower than expected CPI report BUT rally was derailed completely by those who were caught on the wrong side of trade BUT it was managed skillfully by friends on the right trading desk, once favor was completed, TAPE was allowed to go in the direction It wanted to go, we closed higher. FED decision will be as expected 50 basis and a change to softer pain.

BLOG does NOT give buy or sell.

Saleem

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