Monday, January 9, 2023

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 3892.09, low 3890.92, high 3950.57

RSI @ 51.32

CMF @ -0.054

Internals were :

UP volume led by 1.44 to 1 in NYSE & 2.06 to 1 in Nasdaq

Advancing stocks led by 1.85 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new highs were leading by 96 in NYSE & 81 in Nasdaq

VIX UP 3.98% @ 21.97

Oil @ $76.63

Gold @ $1877.80

Canadian % @ .6624

Portfolio ARKK LSPD MGM SOL

Stocks which were UP 2% or more included ARKK LSPD 

GOOS EXAS DAL AAL JKS CSIQ MRVL NIO TSLA 

HOOD CRM COIN TSM ROKU BMBL RCL MSTR

AMD SNOW LYFT UBER DOCU ZI ESTC DDOG

NVDA SPLK BABA OLED DLB LVS AMAT 

RH BROS CMG....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong @ open then a Fed official had extremely negative remark, that, there will not be any decrease in Fed Funds rate until 2024, a far cry from 2nd half expectations. DOW & S&P 500 went red only Nasdaq ignored negativity and closed higher. Internals were mostly strong @ close.

BLOG does NOT give buy or sell.

Saleem

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