Wednesday, January 25, 2023

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4016.22, low 3949.06, high 4019.55

RSI @ 59.43

CMF @ 0.202

Internals were :

UP volume led by 1.64 to 1 in NYSE & 1.07 to 1 in Nasdaq

Advancing stocks led by 1.25 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new highs were leading by 46 in NYSE & 56 in Nasdaq

VIX Down .62% @ 19.08

Oil @ $80.15

Gold @ $1942.60

Canadian $ @ .6583

Portfolio ARKK LSPD MGM SOL

Stocks which were UP 1% or more included

LCID GOOS DAL AAL UAL SHOP

CCL TJX CCJ X M SWKS LAC FCX

CLF BIDU GOLD LYFT NEM ELF

MCD AEM NFLX SLB OSTK.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a huge rebound from lows and almost erased all the losses and closed mixed. Today was a huge victory for the bulls and credit may go Canadian Central Bank for raising only .25% Interest and announced a halt to future rate hikes to see how the economy absorbs 4.50% Interest. Expect a strong close on Thursday as TSLA delivered with a beat on Top & Bottom line.

BLOG does NOT give buy or sell.

Saleem

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