Tuesday, January 31, 2023

Indices closed UP 1.09% to 1.67%...NICE !!!

 Indices closed UP.

S&P 500 @ 4076.60, high  4077.16, low 4020.44

RSI @ 61.96

CMF @ 0.225

Internals were :

UP volume led by 9.00 to 1 in NYSE 3.48 to 1 in Nasdaq

Advancing stocks led by 4.91 to 1 in NYSE & 3.12 to 1 in Nasdaq

Net new highs were leading by 108 in NYSE & 105 in Nasdaq

VIX Down 2.71% @ 19.40

Oil @ $78.87

Gold @ $1945.30

Canadian $ @ .6663

Portfolio ARKK LCID LSPD MGM SOL

Stocks which were UP 3% or more included ARKK LSPD MGM 

GOOS XPEV JKS TPR SHOP RUN NTR FSLR SPWR AFRM

TECK COIN BYD ROKU RCL WYNN AI CSIQ DOCU ZI

TOL CRWD UBER KBH ENPH SEDG UPS DHI PHM

TSLA LRCX JWN BROS....

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE closed @ high of the day, more than reversing yesterday's losses. Internals were strong. Tomorrow @ 2 PM It IS all about Fed policy announcement followed by Q&A. I expect a change in Fed policy with smaller token higher rates of 25 basis. IF that happens, expect all Indices to make higher highs well above resistance.

BLOG does NOT give buy or sell.

Saleem


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